Federal officials are investigating Michael Cohen, President Trump’s former personal attorney, for possible bank and tax fraud violations in connection with $20 million in loans he obtained from Melrose Credit Union and Sterling National [...]
The chairman and chief executive of Equifax, Richard F. Smith, retired on Tuesday in the aftermath of a major data breach that exposed the personal information of as many as 143 million people, the credit [...]
Saving money by taking out a loan may sound counterintuitive, but a program offered by some credit unions is aimed at having consumers do just that. “Borrow and Save” programs, which tie small loans to [...]
Who is Generation Z? The New York Times describes this segment of the population as 60 million Americans, aged 5 to 19 years old, outnumbering Millennials by a million. Last year’s freshman class was [...]
The Federal Reserve said Wednesday that it would raise short-term interest rates for the first time since the financial crisis struck, a vote of confidence in the strength of the American economy at a time [...]
by: Carl Richards Over the last five years, I’ve spent a lot of time traveling the world to talk to people about money. At least one common theme comes up again and again: anxiety. [...]
An attempt to provide cannabusinesses with banking services could be blocked by bureaucratic resistance. by: Jacob Sullum The New York Times reports that the Fourth Corner Credit Union, a budding financial institution in Denver that [...]
by: Hiroko Tabuchi It’s going to be a frenetic holiday sales season. Kmart has already begun its Christmas advertising blitz, and surveys show a resurgence of interest in Black Friday bargains. Across the country, [...]
by. Molly Wood AT this point, smartphones are practically permanent attachments to our hands. But that quickly changes the moment you need to pay for something at a store and you take out a credit [...]
by. Jessica Silver-Greenberg and Michael Corkery Rodney Durham stopped working in 1991, declared bankruptcy and lives on Social Security. Nonetheless, Wells Fargo lent him $15,197 to buy a used Mitsubishi sedan. “I am not [...]
by. Jessica Silver-Greenberg and Ben Protess The Justice Department, building on a multibillion-dollar mortgage settlement with JPMorgan Chase last year, is now aiming for a deal with Bank of America. In a move that raised [...]
by. Jessica Sliver-Greenberg Federal prosecutors are trying to thwart the easy access that predatory lenders and dubious online merchants have to Americans’ bank accounts by going after banks that fail to meet their obligations as [...]
by. Nancy Folbre Web-based financial education sites are eager to tell you how to assess your own credit reports and scores. But it’s not easy to find a credibility report on the sites themselves, [...]
One in four bankers would cheat to make $10 million. This is one of many unsettling findings in a new survey of Wall Streeters. As always, you're on your own out there. By Dan Kadlec @[...]
Bank of America has agreed to pay $165 million to settle accusations from the federal agency that regulates credit unions over sales of mortgage-backed securities by REUTERS WASHINGTON (Reuters) — Bank of America has agreed to [...]
