Senate Majority Leader Harry Reid wants Massachusetts Sen.-elect Elizabeth Warren to join the Banking Committee. A Senate Democratic official confirmed Tuesday that Warren's appointment was likely, but cautioned nothing was final until the Democratic caucus approves the move.
The election may have put economic issues like the fiscal cliff in the spotlight, but there are still plenty of consumer-level financial pain points that need fixing. Here are 10 of the most common consumer money problems.
As far as bad habits go, smoking is a popular example of one to give up. Now there's a new report that makes a dramatic financial case for quitting: In New York State, low-income smokers are spending roughly one-quarter of their income on cigarettes.
In a year saturated with big financial headlines, identifying the fiscal heroes and villains is bound to be an exercise in oversimplification. But DailyFinance is going to try: Herewith, we present our picks for the best and the worst of 2011.
Earlier this week, Rep. John Fleming (R-La.) complained that he only netted $600,000 in 2010, and thus couldn't afford to pay higher taxes: "Class warfare never created a job," said Fleming. Former Obama administration official Elizabeth Warren, now running for the Senate, is ready with the counter-argument.
Consumer advocate and Democrat Elizabeth Warren will enter the Massachusetts Senate primary for a shot at challenging incumbent Republican Scott Brown for his seat. Warren will formally declare she's running on Wednesday, Kyle Sullivan, a Warren spokesman, said. She plans to greet commuters in Boston and make other stops during the day across the state.
On Thursday, the Consumer Financial Protection Bureau officially opens for business. Even as the political fight continues over just how potent the agency will be, at root, its mission is to make clear the prices and risks of financial products and services. Here's where it will focus its early effort.
Members of America's military face threats around the world every day, but it's a domestic threat that has the top brass on the offensive on the home front -- predatory lenders. Here's how the Department of Defense is fighting back.
Almost as soon as regulators proposed a settlement for the mortgage mess that would require banks to obey the law, the banks' Republican allies began trying to weaken it through obfuscation and confusion. Read on for some plain English translations of their arguments against the settlement.
New York Times bestselling author Beth Kobliner and Richard Ketchum, CEO of the Financial Industry Regulatory Authority (FINRA) are among the dozen people President Barack Obama appointed to a new administration council designed to improve what the President calls "financial literacy" among American consumers.
International banking regulations agreed upon in Basel, Switzerland, last week will reduce the probability of a future financial meltdown, U.S. Treasury Secretary Timothy Geithner said before the House Financial Services Committee today.
