The nation’s big banks have been paying out millions to settle a long string of lawsuits pressed by the US Department of Justice and numerous states’ attorneys general. But where do those millions come from? Accordin...
More dirty laundry continues to air in the mortgage lending industry as US Department of Justice investigations keep leading to more charges of bad loan practices against the nation’s biggest banks. The latest round ha...
It’s the kind of publicity Bank of America doesn’t need right now: a German –born intern at one of the bank’s London branches died after a long stretch of workdays without a break. So BofA, like other scandal-pla...
Last week, JP Morgan Chase settled its latest lawsuit with the US Department of Justice to the tune of $18 billion. That’s the largest single settlement ever concluded for an individual American corporation, and that m...
It seems like old news by now. Charges, suits and settlements against the nation’s megababks for mortgage fraud dating back to the days of the housing bubble and subsequent crash keep making headlines with dismal reg...
The US Justice Department and numerous state attorneys general have been pressing lawsuits against the nation’s big banks for a variety of crimes and misbehaviors since 2010. Now, housing giant Fannie Mae is joinin...
If the power and reach of social media in today’s world were ever in doubt, here’s the latest demonstration: a profile on the professional network LinkedIn became the equivalent of a real person in the latest fraud c...
It’s often said that the more things change, the more they stay the same. That’s dismally true where Bank of America is concerned, as two more lawsuits filed against the banking giant this week reveal that once again...
The comedy of errors continues as payouts trickle out to victims of wrongful foreclosures in the robosigning settlement case. A month after the first wave of checks began bouncing at banks around the country, another gro...
Just when it seemed the dust was settling in the various lawsuits and settlements resulting from charges of mortgage and securities fraud leveled at the nation’s biggest bank, new reports reveal that Bank of America is...
