Payday lenders complained loudly that tough new federal regulations proposed for their industry would force many operators to shut down and leave cash-strapped consumers with fewer options for getting short-term loans.
Federal regulators are launching a major crackdown on payday and other short-term, high-interest lenders by proposing tough new regulations to halt the cycle of debt that cripples some consumers.
Orders for computers, autos, aircraft and other long-lasting durable goods unexpectedly fell sharply in February, the third decline in four months for the key indicator of future economic growth.
Rick Boucher knows as well as anybody that net neutrality is the type of complex technology topic that Congress finds difficult to handle even when Democrats and Republicans are getting along.
Consumer prices rose in February for the first time in four months as gasoline prices rebounded from a steep fall that had helped to drive down inflation since the middle of last year.
Broadband providers sued the Federal Communications Commission to try to stop tough new net neutrality regulations, the first step in an expected lengthy court fight over the online traffic rules.
A top House lawmaker chastised the Federal Communications Commission for giving in to a “politically generated populist furor” in adopting tough net neutrality regulations.
Initial jobless claims remained steady last week at just under 300,000, indicating a strong labor market after a late February increase raised concerns that conditions were weakening.