The Obama administration announced plans to ramp up efforts to reach Americans who have defaulted on student loans and enroll them in debt-relief programs, reflecting concerns that millions are damaging their credit.
Volkswagen has reached the broad outlines of a deal with U.S. authorities over its diesel-emissions scandal. U.S. owners of nearly 500,000 2-liter diesel vehicles could see payments and a buyback under a coming court settlement.
A report by the Consumer Financial Protection Bureau offers clues to details of sweeping payday-loan regulations the agency plans to propose this spring. Officials indicated the rule would place limits on when and how lenders can gain access to the money in consumers’ bank accounts.