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  • A borrower in default reviews her mortgage paperwork.

    Quontic Bank, an FDIC-insured community lender, is offering "Lite Doc" loans, requiring only job verification and two months of bank statements.

  • Treasury Secretary Jack Lew testifies before the Senate Finance Committee on Capitol Hill, February 5, 2015 in Washington.

    Fintech companies want a less-regulated environment to test new consumer products before they come to market.

  • NEW YORK, June 1- The U.S. Treasury Department on Wednesday asked for holders with large stakes in the most recently issued 10- year government note as of May 16 to provide information on their positions in a test of a rule change on reporting big positions in Treasuries. The rule amendment, which was published in December 2014 and went into effect in March 2015, was...

  • Gold Silver and currency

    When the Fed finally hikes rates, most likely in September, these two asset classes will reduce risk and provide a boost, says Chris Gaffney.

  • Pedestrians in front of the New York Stock Exchange.

    One private equity veteran says he can do deals and make loans the big banks cannot.

  • Professional golfer Phil Mickelson once told reporters he would consider ‘drastic changes’ if taxes were increased.

    A new report finds that millionaire taxes don't really cause wealthy residents to flee. The Fiscal Times reports.

  • G7 and BOJ made no progress on yen's ascent. That may force it, and other central banks, to resort to 'helicopter money,' option, says Scott Minerd.

  • The legislation, which covers funding for the Securities and Exchange Commission, the Treasury Department, the judiciary branch and others, passed the House of Representatives Financial Services Subcommittee and now goes to the full Appropriations Committee. "We cut funding for nearly two dozen agencies that can operate with a little less," said Republican...

  • Outdated federal IT systems are being used to handle nuclear, taxpayer, prisoner and veterans' functions.

  • Janet Yellen

    The Fed is seeking robust growth and low inflation. But the opposite is happening, setting the economy up for a fall, says Michael Pento.

  • SENDAI, Japan, May 21- U.S. Treasury Secretary Jack Lew told his Japanese counterpart Taro Aso in a meeting on Saturday that it is important to refrain from competitive currency devaluation, according to a statement from the Treasury Department. Lew, who met Aso earlier on Saturday at a Group of Seven summit in Sendai, northeastern Japan, also underscored the Group...

  • WASHINGTON, May 16- The U.S. Securities and Exchange Commission and Treasury Department are weighing having brokers and dealers report Treasury cash transactions to a single database as they try to get a full view of a highly liquid market that has grown increasingly volatile in recent years. According to a statement from the SEC released on Monday, the...

  • WASHINGTON, May 16- The U.S. Securities and Exchange Commission and Treasury Department are looking into having brokers and dealers report Treasury cash transactions to a database that would be run by the Financial Industry Regulatory Authority, a self-regulator.

  • NEW YORK, May 13- iHeartMedia Inc has brought in Millstein& Co, an additional restructuring advisory firm, to help it evaluate options for its debt, including buying some of it back, according to people familiar with the matter. Millstein& Co was founded in 2012 by Jim Millstein, who was the chief restructuring officer at the U.S. Department of the Treasury from 2009 to...

  • Businessman looking through closed blinds in office

    Mark Shafir, co-head of M&A at Citi, told CNBC why failed deals and regulatory scrutiny are giving clients pause.

  • WASHINGTON, May 11- The U.S. government posted a $106 billion budget surplus in April, down 32 percent from the same period last year, the Treasury Department said on Wednesday. Accounting for calendar adjustments, April would have shown a $147 billion surplus compared with an adjusted $157 billion surplus in April 2015. The current fiscal year-to-date deficit...

  • May 10- Texas tycoon Sam Wyly engaged in "deceptive and fraudulent actions" in a years-long scheme to dodge taxes on more than $1 billion held in offshore trusts, a federal bankruptcy judge ruled on Tuesday. The ruling followed a trial in which the Internal Revenue Service sought $1.43 billion in back taxes, penalties and interest from Wyly and $834.2 million from...

  • Sam Wyly engaged in "deceptive and fraudulent actions" in a scheme to dodge taxes on more than $1 billion in offshore trusts, a judge ruled.

  • May 10- Texas tycoon Sam Wyly engaged in "deceptive and fraudulent actions" in a years-long scheme to dodge taxes on more than $1 billion held in offshore trusts, a federal bankruptcy judge ruled on Tuesday. The Internal Revenue Service had initially sought $3.22 billion in back taxes, penalties and interest from Wyly and Caroline Wyly, the widow of his late...

  • NEW YORK, May 10- The U.S. Treasury Department on Tuesday called for greater protections for small businesses that borrow, but stopped short of suggesting other new regulations for an industry rattled by a scandal at its biggest player, Lending Club Corp.. Antonio Weiss, counselor to the Secretary of the Treasury, noted that there is some evidence that default...