| Feb. 11, 2015, 4:07 p.m.
Traditional installment loans are the safest and most affordable way for American families to borrow small dollar amounts.
| Jan. 23, 2015, 4:26 p.m.
Under Article 2, Section 3 of the Constitution, the Founding Fathers indicated the president must brief Congress with information about and recommendations for the union. To me, this tradition represents an act of transparency, yet the president was not transparent about the federal government’s true debt in his State of the Union Address.
| Dec. 12, 2014, 2:24 p.m.
Wall Street is losing the opportunity for a Democratic ally to take the party’s top spot on the Banking Committee, but the financial sector seems to be banking on that friend playing an even bigger role in leadership.
| Dec. 4, 2014, 3:05 p.m.
Majority Leader Kevin McCarthy said the House will vote next week on a plan to extend the Terrorism Risk Insurance Act ahead of a year-end deadline, as congressional sources reported significant progress Thursday toward a compromise agreement.
| July 29, 2014, 7:06 p.m.
A monumental opportunity has presented itself as Julian Castro, former mayor of San Antonio, takes over as the new secretary of Housing and Urban Development and Congress looks ahead on the critical issue of housing finance reform.
| April 17, 2014, 5 a.m.
Since the financial crisis, Washington’s mantra has been simple: no more taxpayer bailouts. This makes it curious and alarming that U.S. and international regulators are proceeding down a path that could put America’s savers—retirement plan participants, parents saving for college and young adults saving for homes—on the hook some day to bail out a “too big to fail” bank.
| March 25, 2014, 5:03 p.m.
Virtual currencies such as bitcoin will be taxed as property rather than currency, the Internal Revenue Service said Tuesday in long-awaited guidance on online tender.
| March 20, 2014, 12:27 p.m.
President Barack Obama ordered new sanctions Thursday on top Russian officials and supporters of the Russian government over the “illegal” annexation of Crimea, while urging Russia to change course and recognize Ukraine’s sovereignty.
| March 17, 2014, 8:03 p.m.
The rising cost of college is unduly influencing our nation’s future.
| March 12, 2014, 4:41 p.m.
In the aftermath of major hacking attacks at retail giants Target and Neiman Marcus, lawmakers have been searching for a way to move forward on data security legislation and seem to have arrived on one area of limited bipartisan consensus — creating a federal standard requiring companies to disclose data breaches.
| March 11, 2014, 5:32 p.m.
With Democrats and Republicans offering proposals to hit the financial sector with new taxes or fees, financial executives and lobbyists say they are re-evaluating how they will direct their political cash this election cycle and where they will seek allies on and off Capitol Hill.
| Feb. 28, 2014, 4 a.m.
According to recent reports from both the U.S. Government Accountability Office and the Congressional Budget Office, the federal student loan program will continue to turn a profit through at least 2024. The GAO reports that federal student loans originated between 2007 and 2012 will bring in $66 billion in revenue for the federal government, while the CBO projects that student loan interest revenue will result in an additional $9 billion in profit over 10 years.
| Feb. 7, 2014, 12:36 p.m.
For a large swath of Americans, living paycheck to paycheck is nothing new. Accessing credit or bank loans have never been an option. This segment of the population is commonly referred to as the unbanked or underbanked. In 2009, the Federal Deposit Insurance Corporation started to publish surveys of unbanked and underbanked households. The data reflected what many already knew: A quarter of U.S. households were considered unbanked or underbanked.
| Feb. 5, 2014, 5:36 p.m.
While lawmakers this week were looking to get to the bottom of the recent data breaches at Target and Neiman Marcus and possibly craft legislation to respond to those attacks, they were faced with a stark reality from the investigations: They and the public won’t be getting solid answers anytime soon.
| Feb. 5, 2014, 5:35 p.m.
Retailers including Target and Neiman Marcus made the rounds on Capitol Hill this week, testifying at three days’ worth of hearings with the dual mission of apologizing for recent large-scale data breaches and discouraging any new regulatory legislation.
| Nov. 13, 2013, 5 a.m.
Conservative groups that led the charge during the October fiscal fights plan to sit out the high-profile confirmation debate over Janet L. Yellen to chair the Federal Reserve.
| Nov. 1, 2013, 1:57 p.m.
One year ago, Superstorm Sandy made landfall in the Northeast, causing 72 deaths from Maryland to New Hampshire, along with untold economic losses and damage to more than 650,000 homes.
| Oct. 30, 2013, 3:30 p.m.
The Terrorism Risk Insurance Act, or TRIA, was originally enacted in 2002 in the wake of the attacks of Sept. 11, 2001. Congress has extended it twice, concluding (correctly) that only a public-private partnership can provide the certainty and stability that’s needed to allow insurance companies to offer coverage against acts of terror.
| Oct. 30, 2013, 3:30 p.m.
U.S. merchants who have been fighting in Congress for transparency and competition in the credit card industry are eyeing a European Union proposal that reins in the excessive swipe fees merchants bear every time a customer chooses to pay with plastic.
| Oct. 28, 2013, 3:59 p.m.
The Terrorism Risk Insurance Act, created by Congress with strong bipartisan support in the wake of the Sept. 11, 2001, terrorist attacks, is a piece of legislation that has enabled the private insurance markets to provide an essential type of coverage that otherwise wouldn’t exist. It has helped create thousands of jobs, has cost next to nothing and gives private markets incentives to take a first-loss position in the event of another terrorist strike.