The rate of residential foreclosures remains significantly above where it was last year, but dropped 8% in November compared to October, according to RealtyTrac, a leading marketer of foreclosed property.

During the House debate on the bill that would revamp the way financial services are regulated, Democrats argued that the measure was necessary to prevent another economic meltdown.

Credit unions and banks, now grappling with overdraft protection and fees, could soon find themselves in the same boat as the tobacco industry, subject to class action suits from state attorney generals, a leading Charlotte, N.C. lawyer warned Thursday.

Teachers will have some extra cash to help their students thanks to $23,037 in grants from SELCO Community Credit Union.