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An estimated 114 multi-employer pension plans covering more than 1.3 million people are underfunded by more than $36 million and are expected to become insolvent in the next two decades, according to a new report. The Teamsters' Central States, the Bakery and Confectionary Workers Union, and the United Mine Workers plans account for $22.8 billion, about 62.5 percent, of the unfunded liability. (AP Photo/Jose Luis Magana)
Business

1.3 million workers’ pension plans expected to go insolvent

Sean Higgins -
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CFPB Director Richard Cordray argued Tuesday that consumers should be able to sue banks as a group, and should be freed from financial contracts that prevent them from doing so. (AP Photo/Brennan Linsley)
News

Obama holdover Richard Cordray: Allow class-action suits against banks

Pete Kasperowicz -
0
Icahn posted a letter to Trump on his website, dated Friday, in which he stated that he was ending the relationship (AP Photo/Mark Lennihan, File)
Economy

Billionaire Carl Icahn tells Trump he’ll no longer act as adviser

Joseph Lawler -
0
The Trump administration has ended Operation Choke Point, the anti-fraud initiative started under the Obama administration that many Republicans argued was used to targeted gun retailers and other businesses that Democrats found objectionable. (AP Photo/Alex Brandon)
Economy

Trump ends Obama’s Operation Choke Point

Joseph Lawler -
0
Top Fed official warns GOP efforts to loosen bank rules is ‘very, very dangerous’
Economy

Top Fed official warns GOP efforts to loosen bank rules is ‘very, very dangerous’

Joseph Lawler -
0
Total household debt rose $114 billion in the second quarter to $12.84 trillion, according to the report, eclipsing the previous all-time peak set in the first quarter. (AP Photo/Elise Amendola)
Economy

Household debt hits new record high, credit card delinquencies rising

Joseph Lawler -
0
Republican Reps. Bob Goodlatte and Jeb Hensarling are seeking a formal reversal to ensure that agencies don't prevent banks from serving certain customers. (AP Photo/Alex Brandon)
Economy

Republicans ask Trump to end Operation Choke Point fraud initiative

Joseph Lawler -
0
In a court filing, the agency said that it is planning to extend the effective date for the remaining provisions of the
Economy

Labor Department to delay financial conflicts-of-interest rule

Joseph Lawler -
0
The acting commissioner of the SEC is seeking input from corporations about difficulties with the CEO pay disclosures. (AP Photo/Andrew Harnik, File)
Economy

SEC study undercuts motivation for Trump effort to ease banking rule

Joseph Lawler -
0
The Business Roundtable, an influential group of CEOs that has backed the tax cut effort, found in a survey of its members released Tuesday that expectations for sales and plans for investing and hiring are up.
Economy

JP Morgan’s Jamie Dimon to Dodd-Frank defenders: Don’t hurt the public just to hurt our stock price

Joseph Lawler -
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