U.S. consumer watchdog unveils plans to regulate payday loans
The U.S. consumer financial watchdog on Thursday outlined its plans for cracking down on the payday lending industry and ensuring that borrowers can repay their loans.
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European Union regulators plan to open a year-long extensive investigation into e-commerce as part of efforts to do away with barriers and boost cross-border trade in the bloc, the EU's antitrust chief said on Thursday.
Securities and Exchange Commission Chair Mary Jo White told lawmakers on Tuesday the agency would not try anew to craft rules to make it easier for shareholders to nominate corporate directors but that she was closely watching activists' attempts to do just that.
The trustee recovering money for Bernard Madoff's victims on Monday announced a settlement to recoup $93 million from a "feeder fund" that sent client money to the swindler's firm, boosting the total sum raised to roughly $10.65 billion.
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