Arbitration clauses in the fine print of credit card and checking account agreements harm consumers by limiting the compensation they can receive in disputes with financial firms, the nation’s top consumer financial guardian said.
Consumers have complained for years that fixing errors on their credit reports was a bureaucratic nightmare. Now, the three major credit reporting companies will make it easier to correct mistakes.
The nation's three largest credit-reporting companies have agreed to make it easier for consumers to correct mistakes, as well as to wait longer to list unpaid medical bills to allow more time for insurance payments, according to a government settlement announced Monday.
President Obama said he first learned from news reports that Hillary Rodham Clinton used a private email account while serving as his secretary of State.
The economy showed surprising strength last month in the face of a ports slowdown on the West Coast, severe winter weather in the Northeast and a rising dollar overseas.
The surprisingly robust job growth last month showed the economy has healed enough to shake off bad weather, the West Coast ports slowdown and a rising dollar that made U.S. goods more expensive abroad.
Initial jobless claims unexpectedly jumped to a nine-month high last week, an indication that severe winter weather could be putting a temporary freeze on the labor market's recovery.
Private-sector job growth dropped last month but U.S. companies still posted a solid 212,000 net new jobs, payroll firm Automatic Data Processing said Wednesday.