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U.S. bank regulator warns on short-term deposit advances
ReutersWASHINGTON, April 25 (Reuters) - U.S. financial regulators on Thursday warned banks to boost underwriting standards and oversight of short-term, small-dollar loans that could lead some borrowers to become buried in debt. Some banks, including Wells Fargo...Tags: Credit and Debt, Consumers, Loans, Finance, US Bancorp (Delaware)
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If you get this check in the mail, it's not a scam
Watchdog with Paul MuschickMost checks that arrive unsolicited in your mailbox are fake ones from crooks who are trying to rip you off. But if you get a letter and a check from Rust Consulting Inc. soon, chances are it's real. It's your...... -
Foreclosure-abuse settlement checks bounce
Some borrowers who received compensation for possible foreclosure abuses were told to take a hike this week when they tried to cash the checks. Just when it seemed the mortgage mess might be tailing off, it was the latest debacle for a program whose...
Tags: Bank of America Corp., Accounting and Auditing, JPMorgan Chase & Co., The New York Times, Finance
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$3.6 billion in foreclosure settlement payments to begin Friday
As part of a settlement with federal regulators, 13 lenders this week are to begin paying $3.6 billion to more than 4 million troubled borrowers whose homes were in foreclosure proceedings in 2009 and 2010. A chart released Tuesday by the regulators...Tags: Accounting and Auditing, Goldman Sachs Group, Inc., Mortgages, Morgan Stanley Dean Witter & Company, Financial and Business Services
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Lenders in settlement to make payouts to foreclosed borrowers
As part of a settlement with federal regulators, 13 lenders this week are starting to pay out $3.6 billion to more than 4 million troubled borrowers whose homes were in foreclosure proceedings in 2009 and 2010. A chart released Tuesday by the regulators...Tags: Accounting and Auditing, Goldman Sachs Group, Inc., Mortgages, Financial and Business Services, Morgan Stanley Dean Witter & Company
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Regulators follow golden road to Promontory
Mary Schapiro, the former chairman of the Securities and Exchange Commission, must take us for fools. No need to worry about her and the so-called revolving door between government and Wall Street, she told the Wall Street Journal on April 2, after...Tags: The Wall Street Journal, Mary Schapiro, Federal Deposit Insurance Corporation, JPMorgan Chase & Co., Fannie Mae
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Banks are not complying with mortgage settlement, survey finds
Banks aren't living up to pledges they made in last year's landmark government settlement of mortgage servicing and foreclosure abuses, according to an advocacy group's survey of California housing counselors and lawyers. The California Reinvestment...
Tags: National Government, JPMorgan Chase & Co., Government, Politics, Lobbying
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Report: Banks aren't complying with mortgage settlement terms
Banks aren’t living up to pledges they made as part of a $26-billion settlement of government investigations into mortgage servicing and foreclosure abuses, according to an advocacy group’s survey of California housing counselors and lawyers....Tags: National Government, JPMorgan Chase & Co., Government, Politics, Mortgages
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Look for mortgage settlement notices by the end of the month
Watchdog with Paul MuschickAbout 95,000 homeowners in Pennsylvania should be on the lookout for a notice from Rust Consulting by the end of the month explaining how much they'll receive from a $9.3 billion settlement with big banks over mortgage misdeeds. Federal banking...... -
JPMorgan silent partner revealed in Whale fiasco
One of the best parts about last week's Senate hearing on JPMorgan Chase & Co.'s London Whale trades is that we finally got a clear picture of whose side the regulators were on during the early days while the bank's executives tried to contain the...Tags: Jamie Dimon, JPMorgan Chase & Co., Derivative Securities, Parties and Movements, Politics
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Senators to question former JPMorgan exec who oversaw London Whale
WASHINGTON -- Ina Drew, the former JPMorgan Chase & Co. executive who oversaw the trading unit responsible for the $6.2-billion "London Whale" trading losses, is scheduled to testify Friday at a Senate hearing on the risky derivatives bets. Drew, who...Tags: Jamie Dimon, Politics, Corporate Officers, U.S. Senate, Carl Levin
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Ina Drew, who oversaw JPMorgan's 'London Whale,' saddened by losses
WASHINGTON -- Ina Drew, the former JPMorgan Chase & Co., executive who oversaw the “London Whale” trades, admitted mistakes led to at least $6.2 billion in losses and told senators Friday she was “saddened” by the scandal last...Tags: Jamie Dimon, JPMorgan Chase & Co., Finance, Economy, Business and Finance
Apr 25, 2013
|Story| Reuters
Apr 9, 2013
| Allentown Morning Call
Apr 18, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
Apr 9, 2013
|Story| Los Angeles Times
Apr 8, 2013
|Column| Allentown Morning Call
Apr 3, 2013
|Story| Los Angeles Times
Apr 3, 2013
|Story| Los Angeles Times
Mar 15, 2013
| Allentown Morning Call
Mar 22, 2013
|Column| Allentown Morning Call
Mar 13, 2013
|Story| Los Angeles Times
Mar 15, 2013
|Story| Los Angeles Times
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