Currently browsing tag

Financial industry regulation

Iowa at center of debate over ‘shadow insurance’ deals

IOWA CITY, Iowa (AP) — For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge debts off their balance sheets. So-called “shadow insurance” agreements have exploded over …

Packing travel insurance on vacation

Summer travel season is in full swing. As you ponder where to go and what to pack, you may also be considering travel insurance. The U.S. Travel Insurance Association, an industry group, estimates Americans spent over $2.2 billion in 2014 on all types of travel protection. While popular with some …

If payday loans go away, what replaces them?

NEW YORK (AP) — The lenders who advance poor people money on their paychecks charge exorbitant interest rates that often snare the most vulnerable customers in a cycle of debt, the industry’s critics have long said. Yet even consumer advocates who loathe the industry admit it fulfills a need: Providing …

Is Obama’s health overhaul losing steam?

WASHINGTON (AP) — The health care law’s historic gains in coverage may be leveling off: The Obama administration announced Thursday it expects only a slight overall increase in enrollment next year. With the 2016 sign-up season two weeks away, Health and Human Services Secretary Sylvia M. Burwell set a target …