Hedge funds, banks and insurance companies have recently jumped into “marketplace lending,” drawing the attention of U.S. regulators, who said on Tuesday they are concerned that borrowing by consumers and small businesses through online platforms may pose risks to U.S. …
A U.S. consumer watchdog on Thursday proposed new rules to block credit card companies, banks and other companies from forcing customers to waive their rights to join class action lawsuits and only settle disputes through arbitration. The Consumer Financial Protection …
The Obama administration will release a long-awaited proposal on retirement advice on Wednesday, according to a person familiar with the matter. At an event at the Center for American Progress think tank, the U.S. government will unveil its proposed rule …
Two influential U.S. lawmakers on Thursday criticized the financial industry for saying in public that a new rule on retirement advice could have “dire consequences,” but then speaking optimistically about it with shareholders. The proposed rule would create a “fiduciary …
The U.S. Labor Department on Friday took the next step toward requiring brokers who provide retirement advice to follow a “fiduciary” standard of putting clients’ interests first, a move that could roil the financial services industry. The White House’s Office …
President Barack Obama’s signature healthcare law got a boost Tuesday when a U.S. appeals court agreed with a lower court that dismissed a challenge and found the law’s minimum coverage requirement was constitutional. The U.S. Appeals Court for the District …
The size of the U.S. municipal bond market shrank to $2.89 trillion in the second quarter of 2011 from $2.91 trillion in the first quarter, Federal Reserve data showed Friday. It was the second quarterly contraction in a row, although …
A U.S. appeals court Tuesday sharply questioned whether the state of Virginia could challenge President Barack Obama’s signature healthcare law, which requires Americans to buy insurance in a bid to slow healthcare costs. The Obama administration is trying to save …
Lawyers for President Barack Obama go to court Tuesday to try to save the cornerstone of his healthcare overhaul, arguing that the requirement for Americans to buy insurance is constitutional. A three-judge panel of the U.S. Court of Appeals for …
President Barack Obama extended an olive branch on Monday to U.S. states struggling to implement his healthcare law, offering support for a proposal that would give them some flexibility in carrying out its key parts. Obama’s signature healthcare reform plan …
