Posts Tagged ‘settlement’

No monetary penalty for Fannie, Freddie in proposed settlement

Vittorio Hernandez – AHN News Washington, DC, United States (AHN) – The three-year investigation into whether mortgage giants Fannie Mae and Freddie Mac properly disclosed their exposure to risky subprime loans is about to end. Reports said that the regulators are near a settlement with the two companies. A proposed settlement with the Securities and [...]

Nevada Wallops Bank of America With Sweeping Suit; Nation-wide Foreclosure Settlement in Peril

ProPublica Staff Carson City, NV, United States (ProPublica) – by Paul Kiel This post has been updated to reflect Bank of America’s response. The state of Nevada dramatically expanded its lawsuit against Bank of America today, turning the narrow case it filed late last year into a broadside that targets virtually all aspects of the [...]

Calif. debt-relief co. paying $1M in NY settlement

A national debt-relief company has agreed to pay more than $1 million to end a New York state investigation into its practices and to refund more than 5,000 New Yorkers who enrolled in its program since 2003, Attorney General Eric Schneiderman says. Read comments View full post on All Stories

When to Use Debt-Settlement Companies for Credit Cards

Credit card debt is by far the No. 1 topic people write to me about, so I think it is worth answering this one often. Q: Will it ruin your life if you have a credit card, debt-relief company help i View full post on All Stories

Group Firms’ Ability To Raise Capital Not Affected By Regulator Order –Anil Ambani

MUMBAI -(Dow Jones)- Indian billionaire Anil Ambani said Sunday there would be no impact on the ability of his group firms to raise capital in the future due to Friday’s settlement of charges wit View full post on Business Stories

Historic settlement with black, Native American farmers signed into law

Kris Alingod – AHN News Contributor Washington, DC, United States (AHN) – Legislation settling decades-old discrimination cases against the government from black and Native American farmers was enacted late Wednesday. President Barack Obama signed into law H.R. 4783, which provides $1.15 billion in compensation for plaintiffs in the Pigford II case, and $3.4 billion in [...]

Tax Relief Providers Seek Clarification From New FTC Debt Settlement Regulations

ENCINO, Calif., Oct. 26 /PRNewswire/ — Just weeks after the FTC’s orders to shut down American Tax Relief for cheating taxpayers out of $60 million, the Federal Trade Commission (FTC) is slated to enact the “debt relief service” amendments to the Telemarketing Sales Rule (TSR) that the FTC now says View full post on All [...]

Native American Farmers Agree To Settle Decade-Old Discrimination Case

Kris Alingod – AHN News Contributor Washington, DC, United States (AHN) – Native American farmers who sued the Agriculture Department for discrimination have agreed to a $760 million settlement. It is the second discrimination settlement this year for the USDA, which has agreed to compensate black farmers. Plaintiffs in the class action lawsuit led by [...]

A Few Notes on Debt Issues: Settlements and Bankruptcy

Most people who are have some means to support their daily means would prefer to think that they can remain such.   Often they do.  However, not all factors that determine their circumstances are under their control.  In cases of serious, sudden accidents occurring to someone within the family, or to the individual himself, he will [...]

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