Six years ago, when President Obama signed the Dodd-Frank Act into law, America’s retailers got a big reduction in the debit-card fees they pay banks. Now, with Donald J. Trump set to take office, they’re preparing for a lobbying ...Read More »
Post-Thanksgiving sales in online shopping continue to climb. This most recent Black Friday set a record for one-day online sales at $2.74 billion, and early reports indicated online sales for Cyber Monday came in at $2.98 billion, after reaching a ...Read More »
Enhanced Retirement Solutions LLC, a Rochester-based retirement plan services consultant, is expanding into the third-party administration services arena to provide plan design, document, compliance, reporting, administrative support, and other assistance to plan sponsors. “Retirement plan administration is a complex, ongoing ...Read More »
Foundation Financial Group now has a tax services division, offering personal and corporate income tax preparation and tax resolution services. As part of the launch, Foundation Financial Group entered into a partnership with the Susan G. Komen for the Cure, ...
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ALBANY — New York Attorney General Eric Schneiderman says his office has reached agreement with a finance company to clear $3.5 million of debt for 995 soldiers who shopped at a retailer outside the Army's Fort Drum that sold computers and other electronics at inflated prices and credit terms.Read More »
LOS ANGELES — The U.S. regulator of credit unions is suing Goldman Sachs & Co. for more than $491 million in damages over losses incurred by five failed wholesale credit unions that bought mortgage-backed securities from the investment bank.Read More »
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 ...Read More »
A bill that would allow certain home mortgages to be modified by bankruptcy judges has been introduced in the House. The Home Foreclosure Reduction Act of 2011, H.R. 1587, would, among other things, allow bankruptcy judges to adjust the amount of an underwater mortgage ...
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