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House OKs banking deregulation bill, consumer advocates worry about impact

When Vietnam vet Randall Stankewicz was getting the runaround from his mortgage lender, he complained to the Servicemember Affairs Office in the Consumer Financial Protection Bureau – which settled the issue in 10 days. But that office would be eliminated under a sweeping bill approved by the House that would undo many of the financial reforms approved in 2010 as part of the Dodd-Frank Act.... Read more»

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At Capital One, easy credit and abundant lawsuits

A ProPublica analysis of state court filings reveals that Capital One sues its customers far more than any other bank. ... Read more»

Border businesses hope meeting with regulators stems bank closings

Nogales officials hope that a meeting Tuesday between local banks and regulators from the Federal Deposit Insurance Corp. can help reverse a string of bank closings that have hamstrung businesses along the border.... Read more»

Bank of America

BofA lied to homeowners & rewarded foreclosures, former employees say

Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.... Read more»

Foreclosure fail: Study pins blame on big banks

A study by government and academic researchers finds that approximately 800,000 homeowners missed out on mortgage modifications because of big banks' poor performance.... Read more»1

Group claims racial bias in handling of foreclosed homes

Banks are neglecting foreclosed homes in minority neighborhoods compared to those in white communities, according to a housing advocacy group.... Read more»1

Why millions won’t get help from big mortgage settlement

Thanks to government-owned Fannie Mae and Freddie Mac, most homeowners won't qualify for a break on their mortgages.... Read more»

MLK Day holiday closings

Monday is Martin Luther King Jr. Day and many offices will be closed and services disrupted for the holiday.... Read more»

Holiday closings

It's time to say goodbye to 2011 and a big "hola" to 2012, but some things won't happen as expected. Many services will be unavailable due to the holiday, which for some extends into Monday.... Read more»

Opinion

9 ideas for Congress to address the 99%

There are nine simple steps that policymakers can take immediately to reduce inequality, get our upside-down economy back on its feet, and begin restoring the promise of the American Dream.... Read more»2

Romero proposes Occupy Tucson ticket moratorium

Saying it would save money and lift a burden on city police and courts, Councilwoman Regina Romero is calling for a moratorium on further ticketing of Occupy Tucson protesters, and the lifting of permit fees and the curfew at Veinte de Agosto Park.... Read more»11

OWS: One demand to rule them all?

As the Occupy Wall Street movement, which is often criticized for lacking a focused agenda, begins to hone its message, one issue has emerged as a possible catch-all: campaign-finance reform.... Read more»2

WikiLeaks stops publishing to make ends meet

WikiLeaks announced Monday it is suspending its publication of classified files as it struggles to bring its finances under control.... Read more»

BBB: Beware new debit card fees

The Better Business Bureau of Southern Arizona is alerting consumers that they may be seeing new fees on their bank statement for using their debit card.... Read more»

NYPD arrests 700 at anti-Wall St. protest

In New York, police have arrested more than 700 anti-Wall Street protesters, who forced the closure of the Brooklyn Bridge after blocking traffic.... Read more»

FBI touts mortgage fraud effort, big banks left untouched

In a new report , the FBI pats itself on the back for using “sophisticated investigative techniques” to target mortgage fraudsters. Not everyone is impressed. Consumer advocates say the FBI is turning a blind eye to misconduct by big banks. ... Read more»

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