Chris Arnold

Wells Fargo Bank is to pay $185 million in penalties after thousands of workers were found to have earned bonuses by illegally creating accounts for customers without their knowledge.

Wells Fargo will pay $185 million in penalties following accusations the bank opened deposit accounts and credit cards for customers without their permission. The Consumer Financial Protection Bureau says bank employees opened more than 2 million accounts that may not have been authorized. The motive, according to regulator, was to hit sales targets and compensation incentives.

It's been almost a decade since the worse housing crash since the Great Depression. And while the housing market has healed in some ways, in others it's far from normal. Single family home construction is rebounding from the trough, but still far below historical norms and the homeownership rate just keeps falling.

The Consumer Financial Protection Bureau is sending undercover operatives to ferret out racial discrimination. They're called "testers" or "mystery shoppers" and pose as customers applying for loans.

With rising home prices and low interest rates, Americans are spending a record amount of money fixing up their kitchens, bathrooms and man-caves. But a lack of skilled workers is limiting the boom.

Three of the nation's most prestigious universities face class-action lawsuits alleging the schools allowed financial firms to prey on employees by charging high fees in retirement accounts.

Wal-Mart is buying the discount e-commerce startup, Jet.com. With the $3.3 billion acquisition, Wal-Mart hopes to become more formidable in online shopping and mount a challenge to Amazon, the top online retailer.

Stacy Piagno and Kelsie Whitmore swing their bats against the barriers to women in professional baseball. They won't be the first such players but do join a very exclusive group.

Toffler's warnings about 'information overload' and the accelerating pace of change in modern society made his seminal 1970 book a best-seller in the U.S. and around the world.

But fans hope Messi will rethink his declaration of "I think it's over" once the wave of postgame frustration at Argentina's 4-2 loss to Chile in Sunday's Copa America final has passed.

Britain's vote to exit the European Union is sending shock waves throughout the global economy. In the U.S., there are fears a slowdown in Britain and the entire European continent will harm growth at home as trade and exports stall.

Hastert will now be federal inmate number 47991-424 at the Rochester Federal Medical Center in Minnesota. He was sentenced to 15 months in a case involving hush-money paid to cover up sexual abuse.

Diablo Canyon's reactors are close to earthquake fault lines. Public concerns are split between the dangers of quake damage and of carbon dioxide gas released by the burning of fossil fuels.

James and the Cavs hoist the NBA trophy to 20,000 screaming fans at the airport as the city celebrates its first major sports championship in 52 years.

As of Monday, Costco has officially moved on from its 16-year relationship with American Express and is now partnered with Visa.

The former CEO of Countrywide Financial was investigated for alleged misconduct in the run-up to the financial crisis and mortgage debacle.

What happens when a billionaire businessman and politician teams up with a moms-against-gun-violence group with millions of supporters?

The spiritual leader, visiting the White House, offered condolences for the shootings in Orlando. China, as usual, condemned the meeting, saying it encourages Tibetan separatists.

As Fed Chair Janet Yellen tries to chart a course forward for the economy, there are some warning lights blinking on her radar. Wages are rising but there are worries that job growth may have stalled.

The celebrated electric car company denies allegations of a safety problem with its suspension and says claims that it told customers not to report the problem "preposterous."