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  • House committee backs creation of Consumer Financial Protection Agency

    Oct 22nd, 2009 - Los Angeles Times

    Reporting from Washington -- A House committee voted today to create a federal agency to protect consumers from predatory financial products, such as subprime mortgages and payday loans with extremely high interest rates.

  • Pinnacle's La. casino likely opening in late 2011

    Oct 20th, 2009 - Boston

    BATON ROUGE, La.—After nearly a year of delay because of the national freeze in credit markets, Pinnacle Entertainment Inc.'s proposed riverboat casino in Baton Rouge has been put on a schedule that could see the games begin in late 2011.

  • GAO: AIG Stabilizing, but Full Recovery Uncertain

    Sep 21st, 2009 - Wall Street Journal

    NEW YORK -- American International Group Inc.'s former Chief Executive Maurice "Hank" Greenberg has presented a proposal to restructure the government's bailout of the...

  • Stanford in U.S. court Friday in massive fraud case

    Jun 19th, 2009 - Reuters

    RICHMOND, Virginia (Reuters) - Texas billionaire Allen Stanford will appear in federal court in Virginia on Friday to answer allegations he orchestrated a massive fraud through his Antigua bank that bilked investors out of millions of dollars.

  • Credit-card bill passes US Senate

    May 20th, 2009 - bizjournals

    The U.S. Senate passed a bill Tuesday banning abusive practices by the credit-card industry. The bill, approved by a 90-5 vote, restricts high interest rates, requires...

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