The FDIC says it will stop weak banks from luring customers with interest rates that exceed the going market rate. As Janet Babin reports, it could save a lot of money in the long run.
Posted In: Investing, Wall Street
The dollar's getting hammered today amid fears the U.S. could be headed for a lower credit rating. Yesterday, Standard & Poor's lowered its outlook for the United Kingdom. Is a U.S. ratings downgrade on the way? Janet Babin reports.
The Obama administration wants a new federal agency to police home mortgages, mutual funds and credit cards, which right now is spread over several agencies. But exactly who will regulate what is still under consideration. Janet Babin reports.