THE news

SACRAMENTO, Calif.–The California Attorney General's Office said it has launched a criminal investigation into Wells Fargo related to a widespread, years-long scam involving allegations it opened millions of unauthorized customer accounts and credit cards.

NEW YORK—Recession concerns—and the hard lessons learned by many—continue to move further into the rear view mirror as a new report shows consumers are taking on larger balances for auto loans and credit cards, pushing overall household debt levels higher.

CHICAGO—Credit unions in New York City that make taxi medallion loans have for several years been plagued by profitability issues related to sagging taxi medallion prices. Will Windy City CUs that make those loans now also face similar issues?