Federal regulator says $480 million in private loans for Corinthian students will be forgiven
A federal regulator says Corinthian College students will be forgiven a total of $480 million in loans because the for-profit school used "bogus" job prospects to persuade them to pay tuition with expensive private loans.
Obama sending $4 trillion spending plan to Congress, pledging to address middle-class squeeze.
President Barack Obama is sending Congress a $4 trillion budget that seeks to raise taxes on wealthier Americans and corporations and use the extra income to lift the fortunes of families who have felt squeezed during tough economic times.
Medicare would get power to negotiate what it pays for pricey medications
Patients face ever-growing exposure to the cost of revolutionary new medications.
Many middle-income families would see only small changes in tax bill under Obama's budget
President Barack Obama calls his tax and spending plan "middle-class economics," but most middle-income families would see little change in their tax bills.
Regulators ready first rules for short-term, high-rate payday loans amid consumer complaints
Troubled by consumer complaints and loopholes in state laws, federal regulators are putting together the first-ever rules on payday loans aimed at helping cash-strapped borrowers avoid falling into a cycle of high-rate debt.
Colorado considers ban on using welfare cards at marijuana dispensary ATMs
Welfare money or food stamps for marijuana? It's an urban legend that won't go away in Colorado, and state lawmakers this year are poised to pass a law clarifying that public benefit cards can't be used at dispensary ATMs.
White House dropping proposal to reduce tax benefits of college savings plans amid backlash
The White House says it is dropping a proposal to scale back the tax benefits of college savings plans amid a backlash from both Republicans and Democrats.
In spite of changes to health care website, privacy advocates call for more protections
Privacy advocates say the Obama administration needs to make more changes to protect consumer privacy on the government's health insurance website.
State lawmaker backs measure proposing ban on homeowner insurance link to certain dogs
A state lawmaker is introducing legislation that would bar insurance companies from inquiring about or discriminating against a "bully breed" dog when issuing a homeowners' insurance policy in Connecticut.
APNewsBreak: Administration scales back release of consumers' personal data on HealthCare.gov
Bowing to an outcry over online privacy, the Obama administration reversed itself Friday, scaling back the release of consumers' personal information from the government's health insurance website.
GOP lawmakers oppose Obama proposal to boost education tax credit, cut college savings plans
President Barack Obama's plan to scale back the tax benefits of college savings accounts is running into opposition from Republicans in Congress.
Average rate on 30-year mortgage falls to 3.63 pct.; lowest since May 2013
Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013.
Different housing markets, politics, multiple bond markets all complicate ECB stimulus effort
Big bang or disappointment? Markets are waiting to see just how much financial firepower the European Central Bank will unleash Thursday, when it is expected to announce large-scale purchases of government bonds with newly printed money to stimulate a sluggish economy.
As seen on TV: Obama to use State of Union address to pitch tax proposals to help middle class
President Barack Obama is turning to his biggest television audience of the year to pitch tax increases on the wealthiest Americans and put the new Republican Congress in the position of defending top income earners over the middle class.
Obama to call for raising capital gains, inheritance taxes to pay for middle-class tax relief
President Barack Obama will call for increasing taxes on the wealthiest Americans by raising the capital gains rate and eliminating a tax break on inheritances, then using the revenue to fund new tax credits and other cost-saving measures for the middle class.
Highlights of Obama plan to tax wealthy, spend additional revenue on middle class
The White House says President Barack Obama will propose in his State of the Union address a plan to impose higher taxes on the wealthy and use the revenue to help middle-class families.
Average rate on 30-year mortgage falls to 3.66 pct, lowest since May 2013; 15-year below 3 pct
Average long-term U.S. mortgage rates fell for the third straight week, with the benchmark 30-year rate again marking its lowest level since May 2013.
Average US mortgage rates fall to new lows; 30-year loan at 3.73 pct., 15-year at 3.05 pct.
Average U.S. mortgage rates started the year by dipping to new lows, with the benchmark 30-year rate marking its lowest level since May 2013.
CFTC says MF Global Holdings ordered to pay $1.21 billion to customers as restitution
MF Global Holdings Ltd. must pay $1.21 billion to reimburse customers for losses sustained when the brokerage firm failed in 2011.
T-Mobile Paying upto $90M in Refunds for Unwanted Services
T-Mobile US will issue up to $90 million in refunds for billing customers for cellphone text services they didn't order, under a settlement with federal regulators.

