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Economy

Senate seeks to rein in deceptive lenders

WASHINGTON, D.C. — Taking aim at deceptive lending, the U.S. Senate on Wednesday voted to ban mortgage brokers and loan officers from getting greater pay for offering higher interest rates on loans, and to require proof ...

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Bankruptcy filings drop in April

Bankruptcy filings by consumers dropped 3 percent in April 2010 from the 149,268 consumer filings recorded in March, according to data from the National Bankruptcy Research Center (NBKRC).

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The offer’s in the mail: Credit card pitches rise

NEW YORK — Credit card offers are appearing in mailboxes again after all but drying up last year. But the deals are a far cry from the zero interest rate, no fee offers common at the height of the credit bubble.

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Government debt explosion turns corner

WASHINGTON, D.C. — The government’s explosive borrowing has hit a turning point: It’s expected to drop 18 percent this year after setting a record high last year. The brighter picture is due to higher tax revenue ...

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