Credit card companies were bringing in almost $20 million a day from increased processing fees incurred when customers used their cards to pay for gas, averaging $2.2 billion a year, The Washington Post reported.That's a lot of money to be throwing around, and most of the profit comes from late fees, over-limit-fees, balance transfer fees, and so on. [read post]

An insolvency administrator may challenge transactions during a one year hardening period in relation to loan repayment and during a 10 year hardening period in relation to loan security. [read post]

For example: Twenty-five advisory firms, broker-dealers, and/or credit rating agencies, including Wells Fargo, HSBC, and Scotia Capital, agreed to pay combined civil penalties totaling more than $400 million to settle charges that they violated the recordkeeping requirements of the federal securities laws; and ABB Ltd., a global technology company, agreed to pay a $75 million civil penalty to resolve charges arising out of an alleged bribery scheme. [read post]

She acknowledged as part of the agreement that she would be responsible for repaying any funds which were not used for educational expenses related to the community college. [read post]