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24 Nov 2008, 7:18 pm
The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago. [read post]
15 Dec 2011, 6:14 am by admin
The immediate response of Congress, the Department of Treasury and the Federal Reserve were dramatic emergency steps to shore up the financial system, including creating the Troubled Asset Relief Program (TARP), cutting interest rates, and lending billions of dollars to and taking a majority stake in companies such as American International Group, Inc. [read post]
20 Jul 2020, 12:48 pm by Richard J. Andreano, Jr.
On July 15, 2020, the CPFB filed a complaint in federal court against Townestone Financial, Inc. [read post]
18 Nov 2009, 6:00 am
 Congress recently issued a scathing report about the illicit practices of bill collectors: Credit Card Debt Collectors Ripped in Federal Report . [read post]
26 Aug 2013, 11:10 am by Fraud Fighters
The Department of Justice recently announced that ATI Enterprises Inc. agreed to pay the Government $3.7 million in a settlement to resolve claims that the company had defrauded federal student financial aid programs. [read post]
25 Nov 2011, 5:19 pm by Joseph Mullaney
The Facts: A consumer sued the debt collector NCO Financial Systems, Inc. [read post]
7 Nov 2016, 10:37 am by Barbara S. Mishkin
Mishkin The CFPB announced that it filed a lawsuit in a Virginia federal district court against B&B Pawnbrokers, Inc., for alleged violations of the Truth in Lending Act and the Consumer Financial Protection Act in connection with closed-end consumer loans made by the company. [read post]
8 Aug 2011, 3:34 pm by Ilona Bray
Don’t start holding your breath until you’ve read Chicago Tribune real estate writer Mary Umberger’s interview with Greg McBride, senior financial analyst for Bankrate, Inc., a Florida-based financial-research firm. [read post]
20 Apr 2018, 11:01 am by Gail Whittemore
The CFPB was established in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to be “an independent bureau within the Federal Reserve System,” regulating consumer financial products and services following the excesses of the 2008 financial crisis. [read post]
15 Apr 2011, 6:08 pm
The report also names mortgage lender Washington Mutual, credit rating firms, the Office of Thrift Supervision, and a federal bank regulator as among those that contributed to the financial crisis. [read post]
28 Jan 2013, 1:13 pm by Cynthia Marcotte Stamer
Form 8863 is used to claim two higher education credits — the American Opportunity Tax Credit and the Lifetime Learning Credit. [read post]
21 Mar 2011, 12:00 am
Block Some hidden sources of federal financial rescue include new, expanded tax credits, the more liberal IRS interpretation of regulations, and “off-off budget” bailouts by quasi-governmental agencies such as the Federal Reserve Bank, according to research by Block. [read post]
6 Jul 2011, 12:01 pm by admin
A credit reporting agency agreed in a consent judgment approved by a federal court June 27, to pay $1.8 million to end the Federal Trade Commission’s Fair Credit Reporting Act enforcement action alleging it sold sensitive consumer credit information to marketers without a permissible purpose (United States v. [read post]
18 Sep 2009, 8:39 am
The Wall Street Journal recently reported on a federal district court decision that could pave the way for future lawsuits by investors against credit rating firms such as Moody's, Standard & Poors and Fitch, whose ratings of junk investments as investment grade have come under fire by Congress. [read post]
29 Mar 2015, 6:52 pm by Sabrina I. Pacifici
This announcement is intended to share the customer service performance results for the second quarter (ending December 31, 2014) with the financial aid community. [read post]