The Consumer Financial Protection Bureau is expected to launch an inquiry Wednesday into banks’ overdraft practices, which have been in regulatory crosshairs in recent years.
The bureau said it will look into whether banks are reordering customers’ debit-card charges to maximize overdraft fees. Reordering transactions can double or triple penalties, and the practice has been the target of several class-action lawsuits against the nation’s biggest banks.
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President Obama appeared hesitant to sing publicly for the second time in 2012 at a White House event Tuesday night.
But he obliged the request by blues legends Buddy Guy and B.B. King, singing a few lines of “Sweet Home Chicago.”
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PHOENIX — Front-runners Mitt Romney and Rick Santorum opened one of the most crucial periods in the Republican presidential campaign Tuesday, with Romney going on the attack while suddenly claiming the mantle of underdog as he seeks to avoid potentially devastating losses in next Tuesday’s primaries in Arizona and Michigan.
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CUMMING, Ga. — In a speech at a megachurch here Sunday night, former senator Rick Santorum (Pa.) used some of his direst imagery yet to describe what’s at stake in this year’s presidential election, drawing an extended World War II analogy that seemed to suggest that the United States faces a threat that is on par with what the world faced in the 1940s.
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With his decision to embrace an independent super PAC last week, President Obama issued a plea for deep-pocketed allies to help his campaign fight back against Republican rivals in the increasingly expensive and sophisticated arena of television attack ads.
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Former Pennsylvania senator Rick Santorum picked up early wins in Minnesota and Missouri this evening, offering further evidence that the primary season is nowhere near an end. While no delegates were awarded in any of tonight’s races, Santorum’s victories pose a significant setback for front-runner Mitt Romney.
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Fearing a tide of spending by outside conservative groups, President Obama is giving his blessing to a pro-Democratic Party “super PAC” that will work to help his reelection, his campaign said late Monday.
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Boosted by improved public confidence in his economic stewardship, President Obama for the first time holds a clear edge over Republican presidential candidate Mitt Romney in a hypothetical general-election matchup, according to a new Washington Post-ABC News poll.
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LAS VEGAS — After a likely second-place finish in the Nevada caucuses Saturday, former House speaker Newt Gingrich sought to dispel the idea that he might drop out of the Republican presidential nomination any time soon, promising a hotel ballroom filled with reporters that he will fight on to the convention in the summer.
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Newt Gingrich predicted during a press conference following Saturday’s Nevada caucuses that he would emerge as the GOP front-runner again by the Texas primary.
The one problem with that: We have no idea when Texas will hold its primary. A spat over redistricting is likely to push it beyond its scheduled date, April 3.
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