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Duo of senators plead with SEC to take action on credit raters
ReutersBy Sarah N. Lynch WASHINGTON, May 14 (Reuters) - A bipartisan pair of U.S. senators urged federal securities regulators to move quickly on fundamental changes to how credit-rating agencies are compensated, a step they said will reduce the type of...Tags: Stock Market, Politics, Scott Garrett, Roger F. Wicker, Career and Workplace
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Port of Hueneme grapples with rising cost of workers' compensation insurance
Ventura County StarThe Port of Hueneme is preparing to pay 120 percent more for workers' compensation insurance, Manager of Financial Services Andrew Palomares said Monday. "A lot of organizations haven't felt the pinch yet but it's coming," he said. To deal with the...Tags: Marketing, Drugs and Medicines, Medical Procedures and Tests, Prescription Drugs, Social Security
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Families reduced their debt load in first quarter to 2006 level
WASHINGTON -- American families reduced their debt load in the first three months of the year by 1%, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday. Outstanding household debt,...
Tags: Loans, Consumers, Federal Reserve, Bank of America Corp., Social Issues
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READER SUBMITTED: Savings Institute's Anderson Shifts To Commercial Lending
WindhamBill Anderson has transferred to the Savings Institute Bank and Trust's commercial lending area, according to Rheo Brouillard, president and CEO. Mr. Anderson has for the past 18 years served the bank as a branch manager, a regional manager and most...Tags: Business, Marketing, Loans, Willimantic (Windham, Connecticut), Norwich
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Florida officials announce details to halt public-assistance fraud
Florida officials are cracking down on those who rip off taxpayers by defrauding public-assistance programs — a crime estimated to cost the state as much as $1.35 billion last year. On Tuesday, leaders from the Department of Children and Families...
Tags: Politics, Interior Policy, Criminals, Media Industry, Government Health Care
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Factbox: Treasury's tools to delay hitting debt limit
Reuters(Reuters) - The budget deficit is shrinking more quickly than previously estimated, the Congressional Budget Office said on Tuesday, which will likely help postpone the effective deadline for raising the debt limit. The revised estimate from the non-...Tags: Government, Freddie Mac, Politics, Bonds, Congressional Budget Office
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Manager pleads guilty in Allentown mortgage fraud case
The manager of an Allentown mortgage company who obtained fraudulent loans worth $1.5 million has pleaded guilty in federal court. Joel Tillett, 36, of Whitehall Township admitted to conspiracy and forging loan documents to ensure clients' mortgage...Tags: Trials, Whitehall, Mortgages, Justice System, Federal Deposit Insurance Corporation
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Rubble sometimes lingers long after homes torn down
The BladeCarla Steelman and her neighbors on East Broadway rejoiced when the blighted house across the street was torn down. They thought years of looking at an eyesore were over, but they weren't. Months later, a pile of rubble consisting of wood, bricks,...Tags: Crime, Law and Justice, Mortgages, Justice System, Shingles, Lawyers
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Furor over stormwater fees rages on
The Lewiston TribuneDelinquent stormwater bills in Asotin County are headed to a collections agency following Monday's commission meeting. In a 2-1 vote, Asotin County Commissioners Brian Shinn and Jim Jeffords approved an agreement with Chapman Financial Services of Coeur...Tags: Politics, U.S. Postal Service, Elections
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Foreclosures sink, but so do sales
Boston HeraldA drastic reduction in foreclosure activity points to the end of Massachusetts' foreclosure crisis, but a shortage of homes for sale is preventing a true housing market recovery. "What we're seeing ... is an overall shortage of a good supply of homes...Tags: Homes, Real Estate, Foreclosures, Real Estate Buyers, Services and Shopping
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Sen. Franken says SEC must change ratings method for financial products
Star TribuneU.S. Sen. Al Franken told reporters Monday that he believes the Securities and Exchange Commission is legally obligated to act on a study that shows conflicts of interest among financial institutions and the rating agencies that assess their investment...Tags: Marketing, U.S. Securities and Exchange Commission, Credit Ratings, Finance, Business Institutions
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Free help for homeowners in trouble
Albuquerque JournalNew Mexicans having trouble paying their mortgages or facing foreclosure can get some professional guidance on how to keep their homes at a free two-day event in Santa Fe sponsored by the state Attorney General's Office. "Help for New Mexico Homeowners"...Tags: Crime, Law and Justice, Citigroup Incorporated, Justice System, Bank of America Corp., Banking
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