Part one in a two-part series examining how financial companies charge high fees to the families of prison inmates. Read more»
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Lawmakers are helping industry donors beat back tougher rules. Every business sector has its friends in Washington. Financial companies — from the biggest megabanks to small payday lenders — have some of the best. Read more»
Debt collectors are targeting members of the Armed Services by calling their superior officers, threatening reduction in rank and even courts-martial, despite stepped-up efforts to protect them from abuse, according to a government report issued last week. Read more» 1
At least six federal agencies including the Justice and Treasury departments are coordinating a broad probe of online payday lenders that charge enormous interest and fees to low-income borrowers who need quick cash. Read more»
A government initiative aimed at saving money by eliminating paper checks is hurting some recipients of federal benefits while earning the bank that operates the program millions in fees charged to consumers. Read more»