Bank of America, QBE to settle insurance lawsuit for $228 million

. . . . . Bank of America, QBE to settle insurance lawsuit for $228 million   Piggybankblog posted on 04/08/14 Cross linked with reuters.com   (Reuters) – Bank of America (BAC.N) and QBE Insurance Corp have agreed to pay $228 million to settle claims that they engaged in a kickback scheme inflating the cost […]

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Wells Fargo’s Laughing All the Way to the Bank

. . . . . Wells Fargo’s Laughing All the Way to the Bank   Piggybankblog posted on 04/08/14 Cross linked with thestreet.com   NEW YORK (TheStreet) — Last week, TheStreet contributor Dana Blankenhorn called Wells Fargo (WFC_) boring. Given the drama that surrounds rivals such as JPMorgan Chase (JPM_) and Citigroup (C_), Blankenhorn’s description of […]

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JPMorgan Sees Parallel to Subprime Bust at Regional Banks

. . . . . JPMorgan Sees Parallel to Subprime Bust at Regional Banks   Piggybankblog posted on 04/08/14 Cross linked with thestreet.com   NEW YORK (TheStreet) — A boom in leveraged loans issued by large and regional banks, or low-rated debt used to finance private-equity buyouts, is drawing alarming comparisons to the subprime mortgage […]

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Attorney says missing emails prove Attorney General Pam Bondi’s office violated records laws

. . . . . Missing Emails Prove Attorney General Pam Bondi’s Office Violated Records Laws   Piggybankblog posted on 04/08/14 Cross linked with tampabay.com TALLAHASSEE — A Tallahassee attorney engaged in a bitter property fight with the state is accusing Attorney General Pam Bondi of destroying emails, failing to retain text messages and violating […]

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Bank of America in Settlement Talks Over Credit-Card Practices

. . . . . Bank of America in Settlement Talks Over Credit-Card Practices   Piggybankblog posted on 04/06/14 Cross linked with wsj.com   WASHINGTON— Bank of America Corp. BAC -2.51% is in discussions to pay more than $800 million to settle allegations it pushed customers into signing up for extra credit-card products, according to […]

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Wall Street Got $26.7 Billion In Bonuses Last Year. That’s Enough To Feed Every Hungry American

. . . . . Wall Street Got $26.7 Billion In Bonuses Last Year. That’s Enough To Feed Every Hungry American   Piggybankblog posted 04/16/14 Cross linked with huffingtonpost.com   The average Wall Street bonus increased 15 percent in 2013, bringing the industry’s overall bonuses to a total of $26.7 billion, the largest since 2008. […]

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“Homeowner Hero Attorney Tom Cox” From Maine or “Ed McMahon” From The Johnny Carson Show? Homeowner Hero Attorney Appeared On Mandelman Matters Podcast Defending His Recent Response On HousingWire

. . . . . Put mouse below to play intro music.  “Homeowner Hero Attorney Tom Cox” or “Ed McMahon” On The Johnny Carson Show?   April 3rd, 2014 Written by John Wright   The “Credit Repair Man” strikes again!  Martin Andelman from the Mandelman Matters Blog released a podcast today with “Homeowner Hero Attorney […]

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Watchdog: Ocwen Financial tied to mortgage nightmares

. . . . . Watchdog: Ocwen Financial tied to mortgage nightmares   Piggybankblog posted on 04/05/14 Cross linked with wzzm13.com   (WZZM)— Over the last few years, the American dream to own a home turned into a nightmare for millions, and that nightmare continues for many. “She basically told me that’s what it is… […]

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Bank of America near credit card deal with U.S. regulator

. . . . . Bank of America near credit card deal with U.S. regulator   Piggybankblog posted on 04/03/14 Cross linked with reuters.com   (Reuters) – Bank of America Corp is close to settling with a U.S. consumer regulator over the sale of services sold as add-ons to credit cards, sources familiar with the […]

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10 Special Interest Tax Breaks That Cost You Plenty: Part 9

. . . . . 10 Special Interest Tax Breaks That Cost You Plenty: Part 9   Piggybankblog posted on 04/03/14 Cross linked with benzinga.com Special Interest Tax Break #9: Calling Payments for Law Breaking Ordinary Business Expenses When companies “pay” huge amounts of money to settle claims that they broke the law, don’t believe […]

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