The Latest Debt & Finance Blog
JPMorgan Chase Bank agreed to pay a $13 billion fine to the U.S. government for its role in the disastrous mortgage lending practices that landed more than 15 million American…
We don’t have ESPN at my house, which is a little like a minister saying he doesn’t have a Bible at home. I was a sports writer for 25 years…
The cloud of financial ruin threatening the U.S. and world economy floated away Wednesday, but it will be back. President Barack Obama and Congress made sure of that when they…
The continued U.S. government shutdown, now entering its fourth day, means that myriad services for consumers remain at a standstill. The Small Business Administration (SBA), the Federal Trade Commission (FTC),…
I have just discovered that I am part of America’s 1 percent. Not trying to brag too much here, but actually, I’m even more elite than that. I’m in the…
I have a vivid picture of my first night at college 40 years ago and I’m sure it doesn’t differ much from yours. When I walked into my dorm room…
I like surprises. Whether you’re aware of it or not, you do too, or at least your brain does. Neuroscientists from Emory University and Baylor University conducted research that proves…
Being a frugal family is a team sport. Everyone has to agree in practice, if not in principle, that saving money is a really good idea. The principle part is…
The U.S. House of Representatives on Wednesday ended a prolonged debate in Congress with an overwhelming 392-31 vote supporting the Senate’s plan to rework student loan interest rates. The Bipartisan…
When I was growing up, I thought starting out with limited means made you an ideal candidate for becoming frugal. It turns out the exact opposite is true, at least…
Sources:
- Douglas, D. (2013, November 19) Justice announces record $13 billion settlement with JPMorgan. Washington Post. Retrieved from http://www.washingtonpost.com/business/economy/jpmorgan-finalizes-13-billion-settlement-with-us-over-toxic-mortgages/2013/11/19/a8863156-50aa-11e3-a7f0-b790929232e1_story.html?tid=auto_complete
- NA (2013, November 18) JP Morgan Chase, feds agree to $13 billion settlement. CBS News. Retrieved from http://www.cbsnews.com/8301-201_162-57612888/jp-morgan-chase-feds-agree-to-$13-billion-settlement/
- Protess, B., Silver-Greenberg J. (2013, Nov. 18) U.S. Poised to Announce $13 Billion JPMorgan Settlement. New York Times. Retrieved from http://dealbook.nytimes.com/2013/11/18/justice-department-poised-to-announce-mortgage-deal-with-jpmorgan/?_r=0
- Dreier, P. (2013, July 12) To Rescue Local Economies, Cities Seize Underwater Mortgages Through Eminent Doman. The Nation. Retrieved from http://www.thenation.com/article/175244/rescue-local-economies-cities-seize-underwater-mortgages-through-eminent-domain#
- La Roche, J. (2013, November 19) JPMorgan Will Pay Record $13 billion Settlement Over Mortgages. Business Insider. Retrieved from http://www.businessinsider.com/jpmorgan-13-billion-mortgage-settlement-2013-11