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Consumer agency wants oversight of debt collectors, credit bureaus

Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau on Thursday sought to bring debt collectors and credit bureaus under its purview, marking the first time the often controversial industries would be subject to federal supervision... Cordray said a reason why they are targeting these firms is because they have expanded their reach into consumers’ lives during the recession. More people are now being pursued by debt collectors and have watched their credit scores slip.


AT&T braces for T-Mobile deal collapse

AT&T braces for T-Mobile deal collapse

AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, a tacit recognition of the dwindling chances that the deal will get through U.S. regulators who say it would destroy jobs and curb competition.


FDIC: Bank earnings hit highest level in 4 years

FDIC: Bank earnings hit highest level in 4 years

Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the second straight quarter, federal regulators reported Tuesday.

Senh: And yet Bank of America still tried to charge us for services we used to get for free.


Obama executive order targets drug shortages

President Obama Monday is pushing drug makers and federal regulators to do more to address dangerous shortages of critical medicines, sidestepping a deadlocked Congress that has not moved legislation to help patients suffering from deadly illnesses.


Citigroup agrees to pay $285M to investors for negligence, SEC says

Federal regulators charged a Citigroup unit with negligence Wednesday, saying it misled investors about an investment product it used to bet against them as the housing market deteriorated. Citigroup agreed to pay a settlement of $285 million, which will be distributed to investors, the Securities and Exchange Commission said.


FDIC backs ban on banks trading for own profit

FDIC backs ban on banks trading for own profit

Banks would be barred from trading for their own profit instead of their clients under a rule being proposed by federal regulators.


Regulators Seize Two Florida Banks

U.S. regulators on Friday announced the collapse of two more banks in Florida, one of the most failure-plagued states in the country this year.


FDA questions safety of experimental diabetes drug

Federal health regulators have concerns about bladder and breast cancer seen in patients taking an experimental diabetes pill from Bristol-Myers ...


SEC unveils post-Madoff broker oversight plan

U.S. securities brokers would be more closely scrutinized by accountants and be subject to stricter rules for how they handle their customers' assets under a plan proposed by federal regulators on Wednesday.


FDA wants more sunscreen protections

FDA wants more sunscreen protections

Federal regulators will require sunscreen manufacturers to test their products' effectiveness against sun rays that pose the greatest risk of skin cancer. Under new rules published Tuesday, they also will have to follow stricter guidelines when describing how well their products block ultraviolet B rays....


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