A roundup of business and economic news from around the country.
CFPB said overdrafts continue to impose heavy costs on consumers who have low account balances.
Synchrony Financial’s initial public offering is the largest this year and raised $2.9 billion for the company.
The Justice Department victory is seen as an about-face from resolving crisis-era cases through settlements.
Banks, facing competition from Wal-Mart and others, have begun to soften their overdraft policies.
A group of Democrats in Congress introduced legislation to make sure that any company that incorporates overseas would be barred from doing business with the government.
The banks’ senior executives are scheduled to testify about the $6 billion Tuesday on Capitol Hill.
The Justice Department’s Operation Choke Point is criticized for targeting gun dealers and payday lenders.
Now Wells Fargo and others are starting to abandon the practice.
West says department would not back down in its stance concerning faulty mortgage securities.
Trading revenue is down across Wall Street.
Alexandria resident Kristina Ament, who is visually impaired, is in training for the Ironman world championship in Hawaii.
Why Citigroup’s $7B government settlement is not the last for the banking industry
CFPB filed a lawsuit against Frederick J. Hanna & Associates for violating debt collection laws.
The probe centered on securities--pools of home loans that the nation’s third largest bank issued, structured and underwrote between 2003 and 2008.
Smartphone start-ups like Moven, Simple skip the tellers for a purely digital experience.
Ace Cash Express agrees to a $10 million settlement over claims of abusive debt-collection practices.
Americans have become more responsible in using credit cards.
Obama is calling for more to be done to rein in Wall Street, but the solutions already exist in Dodd-Frank.
The MisFits answer your questions about fitness in the D.C. area.
Danielle Douglas covers the banking industry for The Washington Post. Danielle joined the national economy desk in July 2012 from Capital Business, a Post publication where she served as the local retail, hospitality and banking reporter. Prior to Capital Business, Danielle was the managing editor of Real Estate Forum, a commercial real estate trade magazine. Her writing has appeared in EbonyJet.com, New York Sun and New York Amsterdam News. She is the recipient of fellowships from the Donald Reynolds Journalism Institute and Columbia University Graduate School of Journalism.