Consumers got back in the buying mood in October as their incomes grew modestly, an encouraging sign for the budding economic recovery.
A passenger rights advocate accused Delta Air Lines Inc. in a federal lawsuit Tuesday of conspiring with a Virginia company to obtain hacked e-mails from her computer to help them derail her efforts to protect air travelers from lengthy tarmac delays and other inconveniences.
Consumers reduced their borrowing for the seventh straight month in August, as households worked to pay off debt and banks reduced credit card limits.
Delinquency rates for three key consumer loan categories hit record highs in the second quarter, according to data released Thursday by the American Bankers Association.
During the mortgage boom the Federal Reserve refused to regulate leading banks’ businesses wholly focused on making loans at high interest rates, largely in the black and Hispanic neighborhoods.
Consumers slashed their borrowing in July by the largest amount on record as job losses and uncertainty about the economic recovery prompted Americans to rein in their debt.
What we're buying — and not buying — says a lot about how consumers are feeling these days.
Feel like you’re working a lot harder for the same pay – or even less? A new round of government data indicates that you probably are. By msnbc.com's John W. Schoen.
Consumers paid down their credit cards and cut other debt in June for the fifth straight month as they rebuild savings battered by the recession.
Ross Stores Inc. and two other companies have agreed to pay a total of about $1.3 million in civil penalties for failure to report safety hazards promptly, government officials announced Wednesday.
Consumer loan delinquencies edged up to another record high in the first quarter, according to data released Tuesday by the American Bankers Association.
Of all the financial regulatory changes the Obama administration has proposed, one stands tallest as a threat to bank industry profits: the creation of an agency to protect consumers from risky products.
Call it the un-recovery.
American consumers have fallen victim to one financial scandal after another in the past decade, from accounting fraud at Enron to illegal late trading by mutual funds to the subprime mortgage meltdown.
New York's attorney general says consumers do not have to pay upfront fees to companies that promise help in staving off home foreclosures.
The federal Food and Drug Administration does not analyze the content of dietary supplements, which do not need proof of safety or effectiveness before they go on sale. Here are tips from the government on their use:
Borrowing by consumers fell by $15.7 billion in April as U.S. households continued to trim spending and put away their credit cards amid a severe recession.
Consumer borrowing plunged in March at the fastest pace in 18 years as Americans put away their credit cards and hoarded cash amid the worst recession in decades.
President Barack Obama is turning to South Carolina's former school superintendent to head an expanded Consumer Product Safety Commission, an embattled agency that has been criticized by advocates for being too cozy with industry.
Quarterly earnings reports from major U.S. consumer products makers Thursday show their revenue fell because of consumers' spending cuts and the stronger dollar. Some highlights:
Consumer borrowing plunged more than expected in February as Americans cut back their use of credit cards by a record amount.
Delinquencies among consumer loans continued to rise during the fourth quarter due to mounting job losses, according to new data released Thursday by the American Bankers Association.
Would you pay $38 for a cup of coffee? Clifford Phillips of Spokane, Wash., did. He used his debit card to pay for a latte, not knowing there wasn’t enough money in his checking account to cover it. The bank could have declined the transaction for insufficient funds. Instead it approved the electronic payment and dinged his account with a $34 overdraft fee.
Investors requested $4.7 billion worth of loans from a new government program that aims to jumpstart lending to consumers and small businesses, the Federal Reserve Bank of New York said Thursday.
The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year, reflecting the blow families are taking from a plunging stock market and dwindling home prices.