by Alan Pyke Posted on January 21, 2014
Just a few years after they launched high-rate short-term loans for depositors, some big banks are getting out of the cash advance business.
The six largest U.S. banks notched their second-best year ever in 2013 thanks in part to taxpayer-subsidized legal settlements.
by Josh Israel Posted on January 15, 2014 Updated: January 20, 2014
A bill to scrap a 2012 rule, which effectively forced the tax department to outsource its refund system to a debit card company, was unanimously endorsed by the Virginia Senate's Committee on Finance.
by Alan Pyke Posted on January 2, 2014
After payday lenders helped drive one opponent out of office, a second Utah lawmaker is taking up his campaign to curb their predatory practices.
by Alan Pyke Posted on December 26, 2013 Updated: December 26, 2013
A revised proposal would pay banks about 60 cents on the dollar, rather than 80, but that's still four times as generous as Detroit wants to be to retirees.
by Alan Pyke Posted on December 20, 2013 Updated: December 20, 2013
A federal bankruptcy judge blocked Detroit's emergency manager from giving a sweet deal to banks at the same time that he is trying to drastically cut pensions.
by Alan Pyke Posted on December 16, 2013
Anything less than a 44 percent jump in bonus checks is liable to disappoint bank executives in the U.K.
by Alan Pyke Posted on December 5, 2013
It sounds like a middle-class life, but almost a third of bank tellers need help from the government due to low wages.
A new audit of the National Mortgage Settlement shows little progress at curbing industry abuses from the largest banks.
by Alan Pyke Posted on December 3, 2013
The number of banks fell to a record low in September, underscoring the continuing risks the industry poses to the rest of the economy.