Many hope a new nationwide proposal will finally stop payday lenders from keeping poor people stuck in a cycle of debt.
Unlike mortgage and payday lenders, the growing number of institutions that offer quick cash to small businesses are still largely unregulated. Chicago is the first trying to change that.
States and localities are afraid to take on new debt these days, missing a golden opportunity to invest in infrastructure and other long-term projects.
Economists have a new idea that could revolutionize how struggling cities attract private funds.