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Homeowner relief from banks sorely lags, analysis finds
WASHINGTON - Banks have paid less than half the $5.7 billion in cash owed to troubled homeowners under nearly 30 settlements brokered by the government since 2008, delaying help to the millions of victims of discrimination and shoddy lending that epitomized the housing crisis, according to a…
Homeowner relief from banks sorely lags, analysis finds
WASHINGTON - Banks have paid less than half the $5.7 billion in cash owed to troubled homeowners under nearly 30 settlements brokered by the government since 2008, delaying help to the millions of victims of discrimination and shoddy lending that epitomized the housing crisis, according to a…
Big banks leap into prepaid-card market
Four years after the financial crisis, more than a dozen of the country's largest banks have jumped into the once-niche market of prepaid debit cards, courting the millions of Americans on the margins of the banking system.
Consumer guide to new mortgage servicing
Millions of Americans know the desperation of trying to hold on to their homes as while nearly all of their efforts are thwarted by a mortgage company that seems determined to foreclose.
Banks bracing to take hit for laundering-law violations
WASHINGTON - Banks are facing heightened investigation and steeper penalties from federal regulators and prosecutors for failure to comply with anti-money-laundering laws, an enforcement trend that may shave billions of dollars off bank balance sheets.
Fed money not persuading banks to reduce mortgage rates
JPMorgan Chase and Wells Fargo, the nation's largest mortgage lenders, say they won't make home loans much cheaper for consumers, even as they reported booming profits.
Federal stimulus: Helping banks more than borrowers?
JPMorgan Chase and Wells Fargo, the nation’s largest mortgage lenders, said Friday they won’t make home loans much cheaper for consumers, even as they reported booming profits from that business.
Toys R Us turnaround turns heads
In the race to sell Transformers, Rock 'N Roll Elmo and Lalaloopsy, Toys R Us knows how to win. That's no small feat for a company once marked for death as specialty toy retailers crumbled under pricing pressure from Walmart and Target.
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