Geithner, Bernanke dispute consumer aid (The Durango Herald)
Posted on July 28th, 2009 | by admin |More info…
By Anne Flaherty Associated Press Writer WASHINGTON – Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke staked out opposing sides in a turf war over who should protect Americans from shady mortgage lending, abusive credit-card fees, payday loans and other high-cost or risky financial products.
N.S. first to regulate payday loans (News 95.7)
The province has announced new rules for payday loans which will take effect on Aug. 1. Payday lenders have been criticized for sky-high interest rates and other practices critics say took advantage especially of people in low income brackets.
Citi Exec’s Big Payday May Spark Showdown (BusinessWeek)
Government pay czar Feinberg may push to renegotiate excessive exec pay. Could an estimated $100 million package for the head of Citi’s energy trading unit be on his list?
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