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Rules on Bank Risk in Mortgage Bonds Being Adopted

LEGAL | Friday Oct 24, 2014
Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and auto loans. This could mean fewer borrowers will need to make hefty down payments.

Rural Areas Seek Piece of Subprime-Loan Settlement

LEGAL | By Hope Yen | Oct 24
Long seen as having devastated Sun Belt cities, the subprime mortgage crisis unleashed turmoil on Ohio and other rural areas. Now federal officials are pledging regulatory attention and financial help.

Gov't Auto-Safety Website Leaving Drivers in the Dark

LEGAL | Oct 23
The National Highway Traffic Safety Administration urged car owners to have exploding airbags immediately removed from their vehicles, the agency's website provided little information about the problem.

Top Mortgage Firm Accused of Abuses

LEGAL | By Alex Veiga | Oct 23
One of the nation's largest servicers of home loans may have denied struggling borrowers the chance to fix loan problems and avoid foreclosures, New York's financial regulator has alleged.

Court Justice Suspended Over Role in Porn Scandal

LEGAL | By Mark Scolforo | Oct 22
The Pennsylvania Supreme Court on Monday suspended one of its members over his participation in a state government pornographic email scandal that involved employees of the attorney general's office.

Senators Ask Why Gov't Allows Regional Car Recalls

LEGAL | By Tom Krisher | Oct 21
Two U.S. senators are questioning why auto safety regulators are letting car companies recall vehicles only in limited regions when a safety problem could happen anywhere.

US Retail Sales Fell in September on Autos and Gas

LEGAL | By Josh Boak | Oct 20
U.S. retail sales retreated in September as purchases of autos, gasoline, furniture and clothing slowed, a sign that recent job gains have yet to significantly boost consumer spending.

Apartments Pushed Up US Homebuilding in September

LEGAL | By Josh Boak | Oct 20
Construction firms broke ground on more apartment complexes in September, pushing up the pace of U.S. homebuilding.

Tax returns: Christie, Wife Made $698,838 in 2013

LEGAL | By Jill Colvin | Oct 20
Gov. Chris Christie and his wife reported nearly $700,000 in income last year, a significant jump from 2012, according to tax returns released Friday by his office.

Obama Announces Plan to Tighten Card Security

LEGAL | By Marcy Gordon, Josh Lederman | Oct 20
Saying more must be done to stop data breaches affecting consumers, President Barack Obama announced on Friday a government plan to tighten security for the debit cards that transmit federal benefits like Social Security to millions of Americans.

What's Next for Funds When Fed Stops Buying Bonds?

LEGAL | By Stan Choe | Oct 13
On Oct. 29, virtually all economists expect the Federal Reserve to announce the end of its program that bought bonds every month in order to boost the job market. The purchases are widely credited for fueling price increases of all kinds of investments.