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Financial and Business Services

A collection of news and information related to Financial and Business Services published by this site and its partners.

Top Financial and Business Services Articles

Displaying items 67-77
  • Mediation veteran Eric Green to oversee Bank of America settlement

    The official in charge of making sure Bank of America complies with terms of its record $16.65 billion settlement is a 35-year veteran of mediation, playing roles in major cases involving the likes of Microsoft, Visa and MasterCard, and even Bank of...
  • SEC, NY broker face off over scheme to profit from terminally ill

    NEW YORK (Reuters) - A New York broker went on trial on Monday over a U.S. securities regulator's claims he participated in a scheme designed by a Morgan Stanley employee to profit from the death of terminally ill patients through variable annuity sales....
  • Vacant Bethlehem home concerns neighbors

    While the economy seems to be picking up, there still are plenty of reminders about just how bad things were. One of them is next door to Roger and Pam Smith in Bethlehem. The other half of their twin home on High Street has been empty since 2009....
  • Beware, mortgage scammers on the rise again

    For years, it was "the Wild West" of real estate scams. As the housing crisis pummeled struggling homeowners, scammers pounced. They offered "easy" loan modifications and "foreclosure counseling" that were often nothing more than attempts to wrest money...
  • Fighting financial scams aimed at seniors

    Sally Hurme figured that if anyone knew about financial scams targeted at older Americans, it would be her family and friends. After all, Hurme, an attorney and AARP project advisor, had spent two decades educating seniors across the country about fraud...
  • Heirs fail to inform lender of mother's death

    Dear Liz: My mother passed away unexpectedly in late 2008. She had a mortgage, and the house was under her name only. She didn't leave a will. My family is still paying the loan, and the company does not know my mother passed away. We don't have a lot...
  • Lawmakers threaten Ex-Im Bank subpoena in oversight rebuff

    WASHINGTON (Reuters) - Top members of the House of Representatives Financial Services panel are threatening to subpoena the U.S. Export-Bank over the bank's refusal to make three employees available for questioning as Congress considers whether to renew...
  • Bank of America settles mortgage fraud case for $16.65 billion

    WASHINGTON The Justice Department on Thursday announced a $16.65 billion settlement with Bank of America, a record-setting deal that helps homeowners and ends myriad state and federal investigations triggered by the nation's mortgage meltdown. The...
  • Bank of America to pay record $16.65 billion to settle mortgage claims

    Bank of America to pay record $16.65 billion to settle mortgage claims
    Bank of America Corp. has agreed to pay $16.65 billion to end federal and state investigations into the sale of toxic mortgage securities during the subprime housing boom, the largest settlement by a single company in U.S. history, the Justice...
  • Janna Herron: What it takes to borrow from home equity

    Breaking into the home equity nest egg is becoming a very real possibility for more Americans as home prices rise. But raiding the house bank is not as easy as it was before the recession, and not everyone meets the requirements to borrow from home...
  • The Mortgage Professor: The CFPB is now a consumer complaint clearinghouse: Will that help consumers?

    Markets for financial services often don't work well for consumers. The trial and error technique that consumers rely on in navigating many markets, such as food and clothing markets, does not work well when transactions are large and infrequent....