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NASDAQ › (NASDAQ:TECUA)

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Today's Financial News

FACT CHECK: Republicans reaching for White House take liberties when attacking Common Core

7 hours ago

ATLANTA (AP) — In the political uproar over Common Core, various myths are peddled as fact. Should leaders "repeal every word of Common Core," as Sen. Ted Cruz demands? Actually there's no federal law — or even federal program — to repeal. Sen. Rand Paul slams "rotten to the core" propaganda forced on children by an initiative that has no curriculum at all.

Federal regulators announce proposed rules to protect low-income borrowers

7 hours ago

WASHINGTON (AP) — Each month, more than 200,000 needy U.S. households take out what's advertised as a brief loan. The Consumer Financial Protection Bureau proposed rules Thursday to protect Americans from stumbling into what it calls a "debt trap." At the heart of the plan is a requirement that payday lenders verify borrowers' incomes before approving a loan.

American Apparel says SEC investigating unspecified 'matters' tied to former CEO Dov Charney

7 hours ago

NEW YORK (AP) — American Apparel says the Securities and Exchange Commission is investigating unspecified matters tied to its former CEO, Dov Charney. Charney has been the subject of lawsuits that allege he had inappropriate sexual conduct with female employees. He has said he had consensual sexual relationships with workers.

Obama praises proposed payday lender rules; threatens to veto curbs on financial regulations

7 hours ago

BIRMINGHAM, Ala. (AP) — Embracing proposed new rules aimed at payday lenders, President Barack Obama on Thursday said working families need protections from heavy debt burdens and warned Republicans that he would veto attempts to unravel regulations that govern the financial industry. "One of the main ways to make sure paychecks go farther is to make sure working families don't get ripped off," Obama told about 1,800 people at Lawson State Community College.

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