settlement

How to Choose a Mortgage Banker

When choosing a mortgage banker, while the underlying interest rate on the loan is important, there are several other factors that you should consider.

NYSE Paying $5 Million Fine to Settle Charges on Data

The New York Stock Exchange is paying $5 million to settle federal civil charges that it gave some customers an unfair head start by providing them with trading data ahead of the wider public. It marked the first time the Securities and Exchange Commission ever imposed a fine on an exchange.

BofA Settles Overdraft Fee Suit for $410 Million

More than 13 million Bank of America debit-card customers could see some repayment for excessive overdraft fees the bank charged them over the course of a decade. A federal judge has approved a $410 million settlement to compensate customers who were charged fees as a result of the bank posting transactions from highest to lowest dollar amount, rather than in the order they occurred.

Exclusive: Alleged Beauty Queen Fraudster Speaks Out

It can be tough to reconcile the two images of Juliette Kimoto: Mrs. Nevada 2006 and stay-at-home mom; and Internet scammer whom the FTC says ran a $30 million con. In our exclusive interview, she tells her side of the story, both pointing the finger at her ex-husband and defending what he did as just "marketing."

Alabama County Avoids Bankruptcy Filing

Jefferson County, Alabama's, sewer debt crisis is coming to a close. Commissioners voted Friday on a deal framework that will let it restructure and partially write off $3.14 billion debt, saving the county from filing for Chapter 9 in what would have been the largest municipal bankruptcy in U.S. history.

Why Is the Fed Letting Big Banks Boost Dividends?

The Fed's decision to allow big banks to pay sharply higher dividends makes no sense, and not just because the results of the so-called "stress tests" are secret. Based on facts that are public knowledge, the banks are actually insolvent, and in danger of sinking much further.

Foreclosure Mess Settlement Proposal Is No Fix at All

State attorneys general and federal regulators are rushing to settle the robo-signing foreclosure mess created by the banks and get the real estate market back on its feet. But their proposals don't fully address the one of the fundamental problems of the crisis: Who really owns all those homes?

Decoding the GOP Argument Against Punishing Banks

Almost as soon as regulators proposed a settlement for the mortgage mess that would require banks to obey the law, the banks' Republican allies began trying to weaken it through obfuscation and confusion. Read on for some plain English translations of their arguments against the settlement.

Walmart Sex Bias Case Takes Detour to Supreme Court

On Monday, the Supreme Court agreed to decide whether all the female employees who claim Walmart discriminated against them can sue the world's largest retailer as a class, and if they can, whether they can sue for back pay or only for judicial orders to force it to change its behavior.