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Bank of America Sued For $1 Billion Over Fraud Allegations

By Bill Fay | October 24, 2012

The United States Department of Justice sued Bank of America today for more than $1 billion, accusing the company of deliberately generating substandard home loans and selling them to Fannie…

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Romney, Obama Steer Foreign Policy Debate Back to Economy

By Bill Fay | October 23, 2012

The final presidential debate was supposed to be about foreign policy, but President Barack Obama and challenger Mitt Romney preferred to talk about domestic issues, including a slow-to-recover U.S. economy.

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States Do Right and Wrong with Millions from Federal Settlement

By Bill Fay | October 23, 2012

Earlier this year, the federal government, the District of Columbia and 49 state attorneys general negotiated a financial agreement with five of the country’s largest banks: Ally (formerly GMAC), Bank…

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Third Presidential Debate to Cover Foreign Policy

By Bill Fay | October 22, 2012

As the countdown to Election Day continues, President Barack Obama and Republican candidate Mitt Romney diligently prepare to duel in their final televised debate tonight. Millions of Americans plan to…

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Student Loans Increase to $26,500

By Bill Fay | October 19, 2012

The price of an education has risen once again, along with the amount of debt students take on by the time they reach graduation. According to The Institute for College…

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Second Presidential Debate: Obama, Romney Cover Jobs, Taxes

By Bill Fay | October 17, 2012

With only three weeks left until Election Day, President Barack Obama and Republican challenger Mitt Romney went head-to-head Tuesday night in the second of three planned presidential debates. Held at Hofstra…

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Obama, Romney to Square Off With an Eye on Domestic Policy

By Bill Fay | October 16, 2012

As Republican presidential nominee Mitt Romney and President Barack Obama take to the podium tonight in the second presidential debate, American voters hope to hear some encouraging news about job…

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Class-Action Lawsuit Names 12 Banks Allegedly Involved in Illegally Altering Interest Rates

By Bill Fay | October 15, 2012

Annie Bell Adams may have recently lost her house to foreclosure but she’s fighting back. The 65-year-old pensioner is currently leading a class-action suit in New York against a dozen…

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Biden, Ryan Spar on Economic Policies during Vice-Presidential Debate

By Bill Fay | October 12, 2012

Vice President Joe Biden and Republican vice-presidential nominee Paul Ryan shared center stage Thursday night in a lively vice-presidential debate. It was the only one planned between the two candidates for…

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Students Want Money Information

By Cecillia Barr | October 11, 2012

A growing number of students want to learn more about personal finance but most public schools don’t offer such classes as part of the curriculum, U.S. News & World Report…

Sources:

  1. The United States Attorney’s Office, Southern District of New York. (2012, October 24). Manhattan U.S. Attorney Sues Bank Of America For Over $1 Billion For Multi-Year Mortgage Fraud Against Government Sponsored Entities Fannie Mae And Freddie Mac. Retrieved from http://www.justice.gov/usao/nys/pressreleases/October12/BankofAmericanSuit.php