Survey: Credit card lenders ease requirements 
By Todd Etshman
POSTED: July 15, 2011
Tags: Banks, credit card lenders, credit standards, economic outlook, survey, underwriting
A survey on credit underwriting practices revealed that for the first time since 2008, many of the nation’s largest lenders have eased their underwriting standards. The report, released late last month by the U.S. Office of the Comptroller of the Currency …
JPMorgan pays $228M to settle bid-rigging charges
By The Associated Press
POSTED: July 7, 2011
Tags: Banks, bidding competitions, civil fraud charges, JPMorgan Chase, Justice Department, rigged, SEC, secret deals, settlement
WASHINGTON — A unit of JPMorgan Chase & Co. will pay $228 million to settle civil fraud charges that it rigged dozens of bidding competitions to win business from cities and counties.
Borrowers sue over apparent loan mod mishaps
By The Associated Press
POSTED: July 5, 2011
Tags: Banks, borrowers, foreclosure, lawsuit, loan modification, mortgage
LOS ANGELES — It seemed Maria Campusano’s financial problems were behind her when the mortgage on her Victorian home in a Massachusetts mill town was chopped by hundreds of dollars a month. She soon learned that her troubles had just begun.
GOP uses budget, other tools to sap financial law
By The Associated Press
POSTED: July 5, 2011
Tags: Banks, Budget, financial law, GOP, overhaul, SEC, Wall Street
WASHINGTON — President Barack Obama’s financial overhaul law is nearly a year old. For congressional Republicans, the fight to weaken it is just starting. Wary of trying to repeal the entire statute and being portrayed as Wall Street’s protectors …
NY court reinstates banks’ lawsuit against MBIA
By The Associated Press
POSTED: June 28, 2011
Tags: Banks, bond-insurance business, breach-of-contract lawsuit, claims, court of appeals, MBIA Inc, restructuring
ALBANY — New York’s top court on Tuesday reinstated a breach-of-contract lawsuit by a dozen banks challenging MBIA’s state-approved restructuring of its bond-insurance business, concluding the state insurance superintendent’s approval doesn’t prohibit creditor and common-law claims.
State’s top court to hear bond insurance case
By The Associated Press
POSTED: May 31, 2011
Tags: arguments, Banks, lawsuit, MBIA, New York State Court of Appeals
ALBANY — An attorney for a dozen banks is urging New York’s top court to reinstate their breach-of-contract lawsuit challenging the state-approved restructuring of MBIA’s bond insurance business, saying they face losses they should be insured against.
Banks offer cash transfers to cell number, email
By The Associated Press
POSTED: May 25, 2011
Tags: Banks, cash transfers, Cell phone, email, number
WASHINGTON — Three of the nation’s four largest banks are launching a system that lets customers transfer money from their checking accounts using only a mobile number or e-mail address. The banks say the service, called clearXchange …
Probe seeks mortgage records, official says
By The Associated Press
POSTED: May 17, 2011
Tags: Attorney General, Banks, Eric Schneiderman, investigation, mortgage crisis, Wall Street
ALBANY — New York Attorney General Eric Schneiderman is seeking records from three major Wall Street banks as part of a broad investigation into the mortgage crisis that fueled the recession, an official familiar with the issue said Tuesday.
Regulators update Congress on financial overhaul
By The Associated Press
POSTED: May 12, 2011
Tags: Banks, Ben Bernanke, Congress, Economy, Federal Reserve, financial regulators, overhaul
WASHINGTON — Federal Reserve Chairman Ben Bernanke and other regulators gave Congress an update Thursday on their efforts to implement the biggest overhaul of the nation’s financial rules since the Great Depression.
Banks repossess 1 million homes in 2010
By The Associated Press
POSTED: January 13, 2011
Tags: Banks, Foreclosures, homes, reposession
NEW YORK CITY — The bleakest year in foreclosure crisis has only just begun. Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006.
Caught by mistake in the foreclosure web
By The Associated Press
POSTED: December 9, 2010
Tags: Banks, error, foreclosure, mortgage, robo-signing
Christopher Marconi was in the shower when he heard a loud banging on his door. By the time he grabbed a towel and hustled to his front step, a U.S. marshal’s sedan was peeling out of his driveway. Nailed to Marconi’s front door was a foreclosure summons from Wells Fargo …
Fed ID’s companies that used crisis loan programs
By The Associated Press
POSTED: December 2, 2010
Tags: Banks, Federal Reserve, financial crisis
WASHINGTON, D.C. — The Federal Reserve on Wednesday named the companies that used its emergency loan programs during the financial crisis and revealing how much they borrowed.
