New Mexico Gov. Susana Martinez (R) is reinstating work requirements for food stamps before the federal government says she has to, and groups in the state are hoping a judge will block the move and spare 80,000 people from the change.
The fourth-largest mortgage servicing company has systematically faked key documents in foreclosures for years, according to a New York regulator, despite a national legal settlement in 2012 that was supposed to put a stop to such abuses by the industry.
Unless bankers change the internal culture that rewards executives and employees for financial misdeeds, a top banking regulator said Monday, they will end up forcing the government to break their companies up into smaller firms.
The Securities and Exchange Commission says that a New York high-frequency trading firm committed fraud. But it's letting the company pay a million dollars to put the matter to rest without admitting or denying anything.
American drugmaker AbbVie is dropping a planned merger with the Irish company that makes Adderall, saying that new Treasury Department rules meant to crack down on deals done solely for tax purposes had nixed the plan.