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The CFPB released a report this week that should serve as a reminder of what a functional Congress could accomplish. The report highlights the ways in which the 2009 Credit CARD Act has succeeded. Their findings:

Low-wage workers followed members of Congress to the World War II Memorial on Wednesday to protest a federal government shutdown that had entered its second day. The two-dozen protesters, organized by a labor group called Good Jobs Nation, work in federal buildings affected by the shutdown. The

Just because the government has shut down doesn’t mean Congress will cease its central function of making Americans’ lives miserable. While everyone watches the legislative back-and-forth on the budget, the House may vote this week to thwart a key new Labor Department protection affecting $10.5

The student loan default rate is soaring, and it's flying highest among for-profit schools. The U.S. Department of Education reports that across the nation, the share of borrowers who default within two years after college loan payments become due has risen nearly a full percentage point to 10

Philadelphia Council authorized a public vote on Bill 130532 last Thursday. The bill amends the city charter to provide better wage protections and benefits for subcontracted city workers. The referendum will appear on the Spring 2014 ballot. Council supported this item unanimously. According to

For some recent college graduates, this fall’s back-to-school season marks the beginning of the back-to-living-at-home stage of their lives. But with careful financial planning, that stage doesn’t have to last long, advisers say.

Americans are coming to face the hard reality that they live in a new Gilded Age, with inequality at levels not seen since before the Great Depression. Even worse: Uncle Sam is subsidizing this lopsided economy.

Delano Wingfield, 22, has been grilling up food and cleaning dishes at Roti Mediterranean Grill in Washington D.C.’s Union Station for almost a year. Struggling to get by on $9 an hour, he started encouraging coworkers to strike with him. His manager found out, he said, and slashed his hours. “It

In a speech last July, President Obama vowed that “whatever executive authority I have to help the middle class, I’ll use it.” On Wednesday, an estimated 175 workers who serve food, sell mementos or do maintenance work in federal buildings in Washington D.C. went on strike for the day. Instead of

Here’s an easy way for the government to save about $7 billion a year: Tighten the cap on the lavish salaries paid to executives at government contractors. The cap is currently at $760,000 per contract per executive per year. That’s almost 15 times greater than the average household income – meaning