Consumer Financial Protection Bureau Director Rohit Chopra said the bank had been “illegally loading up auto loan bills with excessive charges,” with about 1,000 families losing their cars to repossession as a result.
The Federal Reserve has made “considerable progress” toward its goal of defeating the worst inflation spike in four decades, Chair Jerome Powell said in his testimony to the Senate Banking Committee.
Capstone Capital Management LLC is also facing multiple civil suits filed by investors who say they were deceived by Capstone and lost money as a result.
After some persistently high inflation reports at the start of 2024, Powell said, the data for April and May “do suggest we are getting back on a disinflationary path.”
Since it was completed in 2018 at a cost of $120 million, the tower has become one of the city’s priciest residential properties, with an average rent of $2,365 per month, or $2.58 per square foot.
The decision jeopardizes an agreement reached in March that was meant to end two decades of litigation related to the fees card companies charge retailers on each purchase a customer makes.
The judges’ rulings prevent the U.S. Department of Education from helping many of the intended borrowers ease their loan repayment burdens going forward under a rule set to go into effect July 1.
As technology and other factors transform the accounting industry, a growing number of firms are turning to private equity investments to help them keep up with the pace of change.
The Employee Retention Credit was designed to help businesses retain employees during pandemic-era shutdowns, but it quickly became a magnet for fraud.
CNO Financial first signed on as title sponsor of the Indianapolis Monumental Marathon in 2016.
The debt-relief initiative is part of a partnership between the United Neighborhood Centers of Indianapolis, United Way of Central Indiana and national not-for-profit Undue Medical Debt.
The guidance and ruling being announced Monday includes plans to essentially stop “partnership basis shifting”—a process by which a business or person can move assets among a series of related parties to avoid paying taxes.
A Mooresville investor is alleging that Carmel-based retirement planning firm ReJoyce Financial LLC and CEO Alexander Joyce misappropriated more than $200,000 that she had deposited with the firm to invest on her behalf.
The policymakers’ forecast for one rate cut was down from a previous forecast of three, likely because inflation, despite having cooled in the past two months, remains persistently elevated.
Fund IV marks some shifts in Indianapolis-based High Alpha’s operating strategy—notably, it plans to launch fewer companies per year than it traditionally has in the past, and it has cut its staff nearly in half.
Scott Davison has a lifelong love of the sport. Knowing this helps explain why OneAmerica’s name and logo will be deeply imbedded in the U.S. Olympic Swimming Trials in Indianapolis.
The share of credit card debt that’s more than 90 days overdue rose to 10.7% during the first quarter, a 12-year high.
Anat Ashkenazi was Lilly’s third-highest paid executive last year. She has worked at the company for 23 years, including as chief financial officer since 2021.
The two firms have been embroiled in negotiations about the merchant discount rates—also known as interchange fees—charged by Amex at the point of sale. The fees have long been a headache for merchants.
In the U.S. Bankruptcy Court for the Southern District of Indiana, April numbers for all bankruptcy cases—including Chapters 7, 11 and 13—were up 19.9% compared to the same time last year.
