Problems Ahead for $7.2 Billion Card Fee Ruling
The multi billion dollar credit card swipe fee settlement is nearing, but merchants are still saying it’s incomplete.
Understanding The Benefits of Your Credit Card’s Purchase Protection Plan
September 13, 2012
Many credit cards offer purchase protection as a standard benefit but if you want to take full advantage of it, make sure that you understand how it works and what it covers.
Bank of America, Fannie Mae Talk Bad Mortgages
August 3, 2012
Bank of America feels as though it shouldn’t shoulder bad mortgages, even as other banks have. Fannie Mae continues to insist it’s BoA’s responsibility.
A Look Back: 2011 and Credit Sector
July 6, 2012
The movers and shakers in the financial sector were keeping the media busy last year. How much has changed and what about the scandals?
Dimon Will Testify in Senate on Massive Loss
May 28, 2012
JPMorgan Chase CEO, Jamie Dimon, has agreed to testify in June before the Senate. He’s expected to explain the massive $2 billion loss.
Citigroup Sued Over CDO Losses
May 25, 2012
Citigroup is now on the wrong end of a lawsuit filed by Woori Bank. In it, the goal is to recover losses from the Seoul-based lender’s $95 million investment in debt obligations.
Former GE Bankers Convicted of Muni Bond Bid Scheme
May 21, 2012
3 former General Electric bankers have been found guilty of defrauding several cities and the IRS in a massive rigging scheme involving bids and municipal bonds.
Will JPMorgan Loss Mean More Fed Oversight?
May 18, 2012
Regulators are closely watching for repercussions of the massive $2 billion loss by JPMorgan trading position.
Former JPMorgan Manager Creates New Hedge Fund
May 9, 2012
William Lee, a former JPMorgan Chase equity derivatives manager, announced he’d begin his own hedge fund before year-end.