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Bank Settlement

REPORT: Big Bank To Be Hit With Severe And Unheard Of Penalty

Reuters | Posted 06.25.2014 | Business

By Karen Freifeld and Matthias Blamont NEW YORK/PARIS June 25 (Reuters) - BNP Paribas is likely to be suspended from converting foreig...

BNP Paribas Nears Huge Settlement

Reuters | Posted 06.23.2014 | Business

(Repeats to additional subscribers. No change to text) * BNP seen paying $8-9 bln for sanctions breaches - source * Fran...

Will the Real Sen. Warren Please Stand Up?

C. Westbrook Murphy | Posted 04.21.2013 | Politics
C. Westbrook Murphy

Consumer advocate and newly elected U.S. Senator Elizabeth Warren should oppose the nomination of Richard Cordray to head the Consumer Financial Protection Bureau.

No Justice in Loma...

Joel Sucher | Posted 03.24.2013 | Business
Joel Sucher

Loma, Colo., is a small town, a very small town indeed, but one that Louise Davidson had called home until she was until she was evicted in April 2012 by Fannie Mae, the owner of her mortgage.

Why Isn't This a Front Page Story Nationwide?

Joel Sucher | Posted 03.02.2013 | Business
Joel Sucher

So time marches on and so do the foreclosures. Justice for homeowners impacted by the fraud is yet to be achieved, and -- if the financial services industry has its way -- the remuneration will be paltry at best.

California Attorney General Touts Controversial Bank Settlement In DNC Speech

The Huffington Post | Arthur Delaney | Posted 09.06.2012 | Politics

CHARLOTTE, N.C. -- California Attorney General Kamala Harris said in her Wednesday speech at the Democratic National Convention that the $25 billion s...

The White House and Your House: Policy Inertia and Organizational Resistance in the On-going Crisis of American Housing

David Coates | Posted 05.26.2012 | Business
David Coates

In 2008-9, major banks in trouble were bailed out by American homeowners as taxpayers; but in 2012 American homeowners in trouble are not being bailed out by those same banks to anything like the same degree.

Foreclosure Fraud: Scoring the Deal, Continuing the Fight

Richard (RJ) Eskow | Posted 04.10.2012 | Politics
Richard (RJ) Eskow

The Federal government and the Attorneys General from 49 states have signed a deal with five major banks over charges of fraud, including reported acts of widespread perjury and forgery, in the so-called "robo-signing" scandal.

People Power vs. Banker Power: Score One For the People

Richard (RJ) Eskow | Posted 03.25.2012 | Politics
Richard (RJ) Eskow

Patti Smith wasn't wrong when she sang that "People have the powe." We do have the power to win a battle or two, even against those guys on Wall Street. We have more power than we realize -- but only if we're willing to use it.

HSBC Reaches Settlement Over Madoff Lawsuit

Posted 08.07.2011 | Business

HSBC (HSBA.L) said it agreed to pay $62.5 million to settle a class action brought against it in the United States over its role in providing admi...