Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, slipped further below 3 percent.
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The online payday lending operation, accused of deceiving borrowers by charging inflated fees, agreed to pay federal regulators $21 million. Most of the record payout will be returned to borrowers as refunds. AMG Services and its partner company, MNE Services of Miami, Okla., also will forgive $285 million in unpaid fines and loans still owed by customers.
Colorado's marijuana experiment was designed to raise revenue for the state and its schools, but a state law may put some of the tax money directly into residents' pockets, causing quite a headache for lawmakers.
Florida's top financial officer said Tuesday that creating and publicizing a "stress test" will help instill public confidence in the smaller insurers that have come to dominate Florida's property insurance market.
Medicare will change the way it pays hospitals and doctors to reward quality over volume, the Obama administration said Monday, in a shift that officials hope will be a catalyst for the nation's $3 trillion health care system.