Money News

CFPB extends public-comment deadline

April 26, 2012—Consumer Financial Protection Bureau has extended by 2 months its deadline for consumers to submit comments that are related to CFPB’s investigation of overdraft fees that banks charge to consumers.

MetLife to pay $188 million to beneficiaries in settlement

April 24, 2012—Metropolitan Life Insurance will pay out $188 million this year to beneficiaries of life-insurance-policy holders to settle claims that MetLife held on to unclaimed life-insurance policy payouts that should have been given to beneficiaries.

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Related Department Briefs

Evaluating Dow milestone

The Dow Jones industrial average broke the 13,000-point barrier in February 2012, which was the first time that it did so since the 2008 crash.

Social-media IPOs: What’s the Facebook effect?

In February 2012, Facebook filed to launch its initial public offering of stock to much media buzz, although as of press time, the social-media company hadn’t set a date for when its stock will go on sale to the public. 

401(k) annuities on the rise

The number of companies that offer annuities in their retirement plans is set to double this year, but should you pursue this tool?

Vacation stocks have a sunny side

The vacation industry has begun to rebound in bookings, but the continuing economic difficulties and high unemployment rate means uncertainty in this sector.

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