Fixed and adjustable rate mortgages slipped back down to new record lows over the past seven days amid somewhat disappointing U.S. economic reports on the gross domestic product, consumer spending and new home sales. The ...

A top consumer debt buyer will pay a $2.5 million civil penalty to settle charges with the Federal Trade Commission that it misrepresented debt owed by consumers and failed to uphold their rights. The financial ...

Credit standards on commercial and industrial loans “changed little” in the final months of 2011, just as U.S. banks saw stronger demand for these types of loans, according to the latest quarterly survey of ...

President Obama wants to start providing federal aid to colleges that maintain affordable tuition, “good value” in education and those that ensure more low-income students graduate. The proposal from the administration ...

Sales of new single-family homes fell 2.2 percent in December, topping off 2011 as the worst year on record based on existing U.S. housing data since 1963. The Commerce Department said that 302,000 new homes were ...

Sales of homes in some phase of foreclosure, or those bank-owned, accounted for 20 percent of all U.S. sales in the third quarter of 2011, down from 22 percent of all sales in the second quarter, according to RealtyTrac, ...

Payday loans provide consumers quick cash, but they also are notorious for terms that can equal an annual percentage rate of more than 400 percent. Often, these small-amount loans must be repaid before the costumer’s ...

American Express profit rose 12 percent in the fourth quarter, with more customers spending on their cards and much fewer opting to stop paying on their balances. AmEx also took in higher travel commissions and ...

A national measure of consumer credit defaults – when borrowers stop paying back loans – recorded increases in most loan types for December, and a fourth straight month in first mortgage defaults. Bank card ...

Propelled by its mortgage business – the biggest in the U.S. – Wells Fargo & Co. reported a record 20 percent jump in fourth-quarter profit, exceeding Wall Street expectations. Through its core consumer ...