Lenders Offer Low-Cost Services for the Unbanked

. . .   Lenders Offer Low-Cost Services for the Unbanked . Piggybankblog posted on 2014 Cross linked with nytimes . One woman kept her savings — a $100 bill — in the freezer. Another, a single mother in Texas, said she had only enough extra cash each week to buy one wooden letter, for […]

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Things that make you go hmmm! Top French govt official Azema joins Bank of America!

. . . . Put mouse below to play intro music.  Top French govt official Azema joins Bank of America . Piggybankblog posted on 07/23/14 Cross linked with msn.com   PARIS, July 21 (Reuters) – David Azema, a top French civil servant and manager of the French government’s holdings in strategic companies, is to join […]

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Ex-jail officer gets 15 months in mortgage-fraud scheme

. . .   Ex-jail officer gets 15 months in mortgage-fraud scheme   Piggybankblog posted on 07/22/14 Cross linked with lohud.com A former Westchester County correction officer was sentenced Monday to 15 months in federal prison for his role in a New Haven, Connecticut, mortgage-fraud scheme. Jacques Kelly was given until Sept. 30 to begin […]

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Punitive Damages Simply Punishing Banks Is Beside The Point! What We Need Is Real Constructive Reform!

. . .   What we need is real, constructive reform   Piggybankblog posted on 07/22/14 Cross linked with state.com   Last week Citigroup finally reached a settlement with the U.S. Department of Justice over shoddy mortgage securities transactions in the years immediately before the 2008–2009 financial crisis. The bank agreed to pay $7 billion. […]

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Bank of America picks Countrywide vet Steve Boland to run home-loans unit

. . .     BofA picks Countrywide vet Steve Boland to run home-loans unit   Piggybankblog posted on 07/22/14 Cross linked with bizjournals.com   Bank of America veteran Steve Boland has been named the new home-loans origination executive for the Charlotte-based bank, filling a newly created position overseeing sales and fulfillment nationwide. Boland, who […]

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Hackers Find Way to Outwit Tough Security at Banking Sites

. . .   Hackers Find Way to Outwit Tough Security at Banking Sites . Piggybankblog posted on 07/22/14 Cross linked with bitz.blog . It is not often a computer hack is named after cheese. Researchers at the computer security company Trend Micro have named a new attack on online banking Emmental. Why? Like the […]

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Chase bank being sued by Ohio woman claiming violation of mortgage law

. . .   Chase bank being sued by Ohio woman   Piggybankblog posted on 07/22/14 Cross linked with cleveland.com   CLEVELAND, Ohio — In one of the first cases of its kind in Ohio, a Youngstown-area woman is suing JPMorgan Chase for allegedly violating a new law aimed at protecting home owners. Bethanne Wasko, […]

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Picking the Right Mortgage

. . .   Picking the Right Mortgage . Piggybankblog posted on 07/22/14 Cross linked with wsj.com . Banks are hoping a little variety can bring some life to the ailing mortgage market. They are starting to ease their stringent requirements and offering a wider range of loans. The options being dusted off—many of them […]

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Officials: LIers defraud bank of $500G in ‘flipping’ property to Sacred Heart

. . .   Officials: LIers defraud bank of $500G in ‘flipping’ property to Sacred Heart   Piggybankblog posted on 07/22/14 Cross linked with newsday.com   Four people, including a Garden City attorney and his wife, pleaded not guilty Tuesday to federal bank fraud and conspiracy charges in a scheme that authorities said involved flipping […]

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Why You May Be Paying For Someone Else’s Mortgage Relief

. . .   Why you may be paying for someone else’s mortgage relief   Piggybankblog posted on 07/22/14 Cross linked with washingtonpost   In recent years, banks have agreed to spend billions of dollars to help struggling homeowners as part of settlements with the government related to the lenders’ alleged misconduct during the housing crisis. If all works […]

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