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Highlights

A collection of news and information related to Guaranty Corporation published by this site and its partners.

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    May 31, 2013 |Story| Los Angeles Times

  1. Federal regulators probing real estate kickback schemes

    WASHINGTON — A settlement between the federal Consumer Financial Protection Bureau and a Texas home builder is drawing renewed attention to a controversial issue that was prominent during the years preceding the housing bubble: kickbacks in home...

    Tags: Corporate Crime, Consumers, Insurance, Real Estate, Richard Cordray

    2. Jun 1, 2013 |Story| Hartford Courant

  2. Are home-sale kickbacks making a comeback?

    A settlement between the federal Consumer Financial Protection Bureau and a Texas homebuilder is drawing renewed attention to a controversial issue that was prominent during the years preceding the housing bubble: kickbacks in home real estate...

    Tags: Corporate Crime, Consumers, Insurance, Real Estate, Richard Cordray

    3. May 21, 2013 |Story| Allentown Morning Call

  3. KidsPeace files for bankruptcy

    Carrying $240 million in debt, Orefield-based KidsPeace filed for bankruptcy Tuesday.
    Carrying $240 million in debt, Orefield-based KidsPeace filed for bankruptcy Tuesday. The move comes after years of struggles in which the organization that gives treatment to troubled and autistic children laid off workers and missed debt payments....

    Tags: Interior Policy, Companies and Corporations, Layoffs and Downsizing, Unemployment, Bankruptcy

    4. May 17, 2013 |Column| Allentown Morning Call

  4. Goldman Sachs wins even when muzzled by the feds

    Almost three years ago, when Goldman Sachs Group Inc. paid $550 million to settle fraud accusations by the Securities and Exchange Commission, one of the claims was that Goldman misled the bond-insurer ACA Financial Guaranty Corp. in a horribly complex...

    Tags: Insurance, Crime, Law and Justice, Federal Reserve, Economy, Business and Finance, Eric Holder

    5. Apr 4, 2013 |Story| Los Angeles Times

  5. Feds fine four mortgage insurers $15 million for alleged kickbacks

    WASHINGTON -- Federal regulators hit four national private mortgage insurance companies Thursday with a combined $15.4 million in fines to settle allegations of making improper kickbacks to lenders to steer consumer business to them.
    WASHINGTON -- Federal regulators hit four national private mortgage insurance companies Thursday with a combined $15.4 million in fines to settle allegations of making improper kickbacks to lenders to steer consumer business to them. The fines, which...

    Tags: Corporate Crime, Consumers, Ottawa Senators, Insurance, Richard Cordray

    6. Apr 3, 2013 |Story| Baltimore Sun

  6. RG Steel creditors' lawsuit request is flawed, executives say

    The executives whom RG Steel's unsecured creditors want to sue for allegedly mismanaging the bankrupt company said in court filings this week that the claims are baseless.
    The executives whom RG Steel's unsecured creditors want to sue for allegedly mismanaging the bankrupt company said in court filings this week that the claims are baseless. The Official Committee of Unsecured Creditors asked permission in February to sue...

    Tags: Interior Policy, Companies and Corporations, Bankruptcy, Economy, Business and Finance, Politics

    7. Feb 1, 2013 |Story| Baltimore Sun

  7. RG Steel creditors withdraw request to sue Rennert

    Unsecured creditors in the RG Steel bankruptcy case withdrew Friday their request to sue the company's billionaire founder.
    Unsecured creditors in the RG Steel bankruptcy case withdrew Friday their request to sue the company's billionaire founder. The Official Committee of Unsecured Creditors had in January asked the U.S. Bankruptcy Court in Wilmington for permission to go...

    Tags: Interior Policy, Companies and Corporations, Bankruptcy, Politics, Economy, Business and Finance

    8. Jan 29, 2013 |Story| Baltimore Sun

  8. Pension agency sues Renco Group over RG Steel deal

    The federal Pension Benefit Guaranty Corp. is suing the Renco Group — parent of bankrupt RG Steel — for allegedly attempting to "evade liability" for the steelmaker's pension obligations.
    The federal Pension Benefit Guaranty Corp. is suing the Renco Group — parent of bankrupt RG Steel — for allegedly attempting to "evade liability" for the steelmaker's pension obligations. The agency is seeking $97 million from the New York...

    Tags: Interior Policy, Companies and Corporations, Bethlehem Steel, Bankruptcy, Economy, Business and Finance

    9. Jan 4, 2013 |Story| Aberdeen News

  9. Financial aid information available for Central seniors

      Aberdeen Central High School seniors and their parents are invited to a financial aid information night at 7 p.m. Monday.  Topics during the presentation in the Thomas F. Kelly Theatre will include the application process, postsecondary education...
    10. Jan 1, 2013 |Column| Chicago Tribune

  10. A remedy for beggar states

    The nation's menu of crises caused by governmental malpractice may soon include states coming to Congress as mendicants, seeking relief from the consequences of their choices. Congress should forestall this by passing a bill with a bland title but explosive potential.
    The nation's menu of crises caused by governmental malpractice may soon include states coming to Congress as mendicants, seeking relief from the consequences of their choices. Congress should forestall this by passing a bill with a bland title but...

    Tags: Interior Policy, General Motors Corp., Bankruptcy, Federal Reserve, Economy, Business and Finance

    11. Aug 24, 2012 |Story| KWCH

  11. Hawker machinists approve pension deal

    <span style=&quot;font-size: small;">Machinists at Hawker Beechcraft have voted to freeze their pension plan amid fears of losing it during the aircraft maker's bankruptcy restructuring.</span>
    Machinists at Hawker Beechcraft have voted to freeze their pension plan amid fears of losing it during the aircraft maker's bankruptcy restructuring.     Union officials say 97 percent of members voting Friday supported a proposal that retains pensions...

    Tags: Interior Policy, Bankruptcy, Politics, Financially Distressed Companies, 401K

    12. May 24, 2012 |Story| AM News

  12. Another truth about private equity firms

    In his May 22 column, Bob Martin says the Obama administration “does not understand market economics,” and is “lying for political purposes.” The main thrust of his screed is that private equity firms, such as Bain Capital, are...

    Tags: Barack Obama, Auction Service, Bain Capital, LLC, Internal Revenue Service, Credit Ratings

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