The federal government has dramatically expanded its exposure to risky mortgages, as federal officials over the past four years took steps that cleared the way for companies to issue loans that many borrowers might not be able to repay, the Washington Post reported. Now, Fannie Mae, Freddie Mac and the Federal Housing Administration...

The Federal Reserve Bank of New York added $63.5 billion to the financial system yesterday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets, the Wall Street Journal reported. Banks asked for $63.5 billion in overnight reserves, all of which the Fed accepted, offering collateral in the...

Millennials are 25 percent more likely to report that they have lost money to fraud than consumers aged 40 and over, according to a new Federal Trade Commission analysis of consumer complaint data.   The FTC’s latest Consumer Protection Data Spotlight shows that millennials—those ages 20-39—are twice as...