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9 Feb 2012, 10:27 am
Today, federal and state officials announced a $25 billion landmark settlement with the America's five largest mortgage servicers, an agreement that would not be possible without contributions from employees who first exposed the banks' wrongdoing. [read post]
9 Feb 2012, 10:11 am
This agreement is the largest joint federal-state settlement ever obtained and includes mortgage servicers Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc.... [read post]
9 Feb 2012, 9:56 am
The terms of the settlement deal — which are binding upon Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial (formerly GMAC) — require the banks to reduce the outstanding balance of many mortgages, refinance others and also send out checks to thousands of Americans who were improperly foreclosed on or facing an unlawful foreclosure suit. [read post]
9 Feb 2012, 8:51 am
/GMAC Mortgage, Bank of America Corp., Citigroup Inc., J.P. [read post]
9 Feb 2012, 8:44 am
By Robert Borosage, cross-posted from Campaign for America's Future The bank settlement of $25 billion over three years from five major banks for robo-signing forgeries is being hailed in Washington and scoured by leading bank critics. [read post]
9 Feb 2012, 8:17 am
In 1965 John Reps, an urban historian at Cornell, wrote in The Making of Urban America that the city commissioners “were motivated mainly by narrow considerations of economic gain. [read post]
9 Feb 2012, 8:10 am
The spectacular new high-def image shows a picture of the Americas on January 4th, a good day for snapping photos because there weren’t many clouds. [read post]
9 Feb 2012, 6:16 am
“The Defendants” This fantasy-drama follows a dozen Bank of America senior executives as they are forced to travel from courtroom to courtroom all over the country defending hundreds of lawsuits of all kinds. [read post]
9 Feb 2012, 5:53 am
The money is being promised by Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co., Citibank, and Ally Financial Inc. [read post]
9 Feb 2012, 5:44 am
There is a whole lot more in it for the banks, not least the cutting off of serious lawsuits about what appears to be long-established patterns of fraudulent behavior by the banks and/or their agents. [read post]
9 Feb 2012, 5:36 am
” Banks whose activities are being examined in the civil investigation include Ally Financial, Bank of America, Citigroup, Deutsche Bank and Goldman Sachs, according to the Journal. [read post]
9 Feb 2012, 4:36 am
The agreement is between state attorneys generals and five major banks -- Wells Fargo, Bank of America, JPMorgan Chase, Ally Financial, and Citigroup. [read post]
9 Feb 2012, 1:20 am
The settlement also resolves an investigation by the Eastern District of New York, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and the Federal Housing Finance Agency-Office of the Inspector General (FHFA-OIG) into allegations that Bank of America defrauded the Home Affordable Modification Program. [read post]
8 Feb 2012, 8:59 pm
Bank of America, which upheld significant federal preemption under the Fair Credit Reporting Act. [read post]
8 Feb 2012, 7:17 pm
The bank sued for libel in London instead. [read post]
8 Feb 2012, 1:22 pm
America overall is more integrated than ever, and all-white neighborhoods are virtually extinct. [read post]
8 Feb 2012, 7:23 am
The arbitration panel ordered Bank of America Merrill Lynch (Merrill Lynch) to pay $1.38 million to an investor who lost money in a complex structured product composed of pooled loans that were sliced into tranches with varying payouts and risks. [read post]
8 Feb 2012, 7:05 am
" Thus, given that a prior or superseded or abandoned pleading may be received in evidence because of inconsistency with a position taken at trial, as an admission against interest, and/or for impeachment purposes, Bank of America, N.A. v. [read post]
8 Feb 2012, 4:41 am
Apparently, the Justice Department was irked by a “farewell, America” letter Hummler wrote to Wegelin clients in 2009, in which Hummler urged clients to sell any US securities they owned due to the increased Internal Revenue Service scrutiny of tax evaders. [read post]
7 Feb 2012, 12:26 pm
Did you sign up for what we’re getting in America? [read post]
