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Posted inNation & World

Consumer watchdog confirmed at last

WASHINGTON – President Obama on Wednesday hailed Richard Cordray’s long-awaited confirmation as head of the Consumer Financial Protection Bureau, saying his installation gives consumers a stronger footing “for years to come” in dealings with banks and credit card companies. Obama, the beneficiary of a Senate agreement Tuesday that cleared the way for a number of […]

Posted inBusiness

Briefcase

Barclays, four ex-traders fined over energy scheme Barclays and four former traders were ordered to pay a combined $487.9 million in fines and penalties by the Federal Energy Regulatory Commission for engaging in what the agency said was a scheme to manipulate energy markets in the Western U.S. from 2006 to 2008. The agency directed […]