by Alan Pyke Posted on October 17, 2014
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.
by Alan Pyke Posted on October 3, 2014
Federal prosecutors say a Chicago trader manipulated markets and pocketed $1.6 million using controversial high-frequency trading programs.
by Alan Pyke Posted on September 26, 2014
Military families are ostensibly protected from lending scams by the Military Lending Act of 2006, but loopholes have left them vulnerable for years.
by Jeff Spross Posted on April 27, 2014 Updated: April 28, 2014
The Massachusetts Senator told George Stephanopoulos that she left the GOP after the party dedicated itself to tilting the playing field in favor of Wall Street.
by Alan Pyke Posted on March 27, 2014
Citigroup failed its second "stress test" in three years on Wednesday thanks to shoddy internal processes.
by Bryce Covert Posted on March 26, 2014
The country's largest banks get an edge over their smaller counterparts.
by Alan Pyke Posted on March 25, 2014
Most people who use payday loans pay them back quickly, but the industry's profits rely entirely on those who get trapped in debt.
by Alan Pyke Posted on March 11, 2014
In just the last eight months, members of the armed forces have reported almost 4,000 separate instances of debt collector harassment.
by Alan Pyke Posted on March 7, 2014
Payday loan interest rates average 339 percent nationwide. Louisiana legislators want to cap rates at 36 percent in their state.
by Alan Pyke Posted on March 1, 2014
Only 15 states prohibit high-interest payday loans, and that could fall to 14 if a pair of Pennsylania Republicans get their way.