Reuters Money: N.Y. Attorney General settles with payday loan companies

	Click to View in Browser 09/30/2013 N.Y. Attorney General settles with payday loan companies NEW YORK (Reuters) - New York Attorney General Eric Schneiderman's office said on Monday it had reached settlements with five companies over charges of violating the state's usury and licensed lender laws through the collection of so-called payday loans. U.S. FHA to tap $1.7 billion in taxpayer funds WASHINGTON (Reuters) - The U.S. Federal Housing Administration said on Friday it will draw $1.7 billion in cash from the U.S. Treasury to help cover losses from troubled loans, marking the first time in its 79-year history that it has needed aid. Bankrupt Stockton, California says has deals with key creditors SAN FRANCISCO (Reuters) - Stockton, California said on Friday it had struck tentative deals opening the door to settlements with two major creditors, and putting the city at the "beginning of the end" of its bankruptcy case. Danny Ludeman to retire as head of Wells Fargo Advisors NEW YORK (Reuters) - Danny Ludeman, who has led Wells Fargo Advisors and a predecessor brokerage firm for almost 15 years, will retire as of January 1, 2014, the Wells Fargo & Co. brokerage unit said Friday. Debt ceiling showdown creates scramble for T-bills, investors pay to lend NEW YORK (Reuters) - The impending showdown over raising the U.S. debt ceiling is creating distortions in short-term Treasury bills, and as the government pares back new debt sales some worry that bills needed to back trades and loans will become increasingly scarce. Bond funds worldwide attract $4.5 billion in latest week: BofA NEW YORK (Reuters) - Investors in funds worldwide poured a net $4.5 billion into bond funds in the week immediately following the Federal Reserve's surprise decision to keep its bond-buying program unchanged, data from a Bank of America Merrill Lynch Global Research report showed Friday. Fed's Rosengren slams SEC's plan for U.S. money markets NEW YORK (Reuters) - A top Federal Reserve official on Friday took a swipe at a fellow U.S. regulator's proposal to rein in money market mutual funds, saying a key part of the Securities and Exchange Commission's plan is a step backward and should be ditched. U.S.-based taxable bond funds attract $3.3 billion: Lipper NEW YORK (Reuters) - Investors committed $3.3 billion to U.S.-based taxable bond funds in the week ending Sept 25 in the wake of the Federal Reserve's decision not to reduce its bond-buying program, data from Thomson Reuters Lipper service showed on Thursday. How Jack Ma can keep a tight grip on Alibaba after an IPO NEW YORK/SAN FRANCISCO (Reuters) - Alibaba Group Holding Ltd founder Jack Ma wants to keep a tight grip on the Chinese e-commerce company he founded even after he takes it public, and U.S. law gives him several ways to do so. Some U.S. brokers not policing 'hold' recommendations: regulator NEW YORK (Reuters) - Some securities brokerages are struggling with an industry rule requiring, among other things, policies to make sure that recommendations to hold securities are appropriate for their investors, according to findings this week by Wall Street's industry-funded watchdog. Related Video The worst "best" financial advice Facial recognition brings new look to shopping Business News Wall St. drops at open as government shutdown nears Wall Street banks likely stung again by bad bond-trading quarter The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend