Five years after the devastating potential of high-frequency trading became clear in a fifteen-minute "flash crash" on Wall Street, the decision to tackle computerized trading with a complex data system rather than a simple tax looks like a failure.
Students at the shuttered California campuses of Corinthian Colleges have to choose between transferring and staying in debt, or clearing their loans and starting their education over from scratch -- and they say federal officials are trying to influence their choices.
The Pentagon wants to set new rules for how lenders interact with military families. They've researched the issue and proposed specific changes. But Republicans on the House Armed Services Committee are trying to make the Department of Defense wait another year and re-do its study.