Money

Joan L. Cannon writes: My first job out of college paid $35 a week. Even in 1950, that wasn't much in New York City. I lived at home, rode the subway to work, paid for my clothes, and doctor and dentist bills, but nothing else. My granddaughter is paying for a car, beginning to pay off tens of thousands of dollars in student debt, fretting at being a burden on her parents, and afraid to take any kind of financial risk. more »

Carmen Segarra became a polarizing personality inside the New York Fed — and a problem for her bosses — in part because she was too outspoken and direct about the issues she saw at both Goldman and the Fed. In a tense, 40-minute meeting recorded the week before she was fired, Segarra's boss repeatedly tries to persuade her to change her conclusion that Goldman was missing a policy to handle conflicts of interest. more »

In one state, a high-school dropout can land a six-figure job. In another area of the country, only college graduates can compete for that kind of salary. Nevada's median household income fell 9 percent to $51,230 between 2008 and 2013, the largest percentage decrease among states. Maryland has the top median income in the nation, at $73,022, followed by Alaska at $72,626 and New Jersey at $70,223. Since 2008, Alaska has overtaken New Jersey and Connecticut to become the state with the second highest median income, thanks to a 6 percent increase. more »

The Consumer Financial Protection Bureau (CFPB) is proposing to oversee larger nonbank auto finance companies for the first time at the federal level. The Bureau also released a supervision report that details the auto-lending discrimination that the Bureau has uncovered at banks. The Consumer Financial Protection Bureau (CFPB) is proposing to oversee larger nonbank auto finance companies for the first time at the federal level. The Bureau also released a supervision report that details the auto-lending discrimination that the Bureau has uncovered at banks.  more »