For months, owners of Ford’s C-Max Hybrid have complained that they weren’t getting anywhere near the 47 MPH promised on the car’s window. This week, the automaker said that these customers just may have been onto something.
New jobs like those found in Amazon fulfillment centers aren’t an antidote to the weak recovery; they are a symptom of it
By the end of the year, patrons of 100 library systems around the U.S. are expected to be able to stream thousands of videos for free. Music albums and ebooks too, with no waitlists to worry about.
Data collected for a new study indicates that some auto insurers charge higher rates to people who don’t have college degrees. In some cases, this means less educated customers get overcharged to the tune of an extra $300 per year.
The Senate hammered out an agreement last week to keep rates on some new student loans from doubling. It’s welcome progress, but the compromise guarantees that rates will go up in the future.
A culture shift is still needed to reconnect finance with the real economy.
Yesterday, the Senate voted to proceed with the nomination of Richard Cordray to direct the Consumer Financial Protection Bureau (CFPB), then approved him later in the day on a 66-34 vote. The move has the potential to benefit everybody with a mortgage, credit card or private student loan. In other words: you.
Among the small number of Americans who are passionate about financial regulation, no topic raises hackles more than the so-called Glass-Steagall act. It is “so-called” because when you hear the term “Glass-Steagall” the speaker is most certainly referring to four provisions from the Banking Act of 1933, which was sponsored by Senators
Disgraced by ties to a prostitution ring, the former governor announced his candidacy for New York City comptroller angling to challenge Wall Street once again.
It took an ad campaign to sell Americans on its value
Gary Gensler, the chairman of the Commodity Futures Trading Commission, has been the toughest cop in D.C. since the financial crisis, and the only person really willing to take on Wall Street. Although his term may soon be coming to an end, the CFTC yesterday showed it still has plenty of bite left by suing Jon Corzine, the former New …