California should receive at least $20.6 billion from a settlement with the nation’s major mortgage lenders, the largest share of any state and about $2 billion more than expected when the agreement to assist homeowners was announced last year, according to a report released Thursday.
U.S. banks have taken another step to clear away the wreckage of the 2008 financial crisis by agreeing to pay $8.5 billion to settle charges that they wrongfully foreclosed on millions of homeowners.
The federal government has sued Wells Fargo Bank in New York, blaming the nation’s largest originator of home mortgages for thousands of loan defaults over the last decade.
Some Bank of the West customers are complaining that checking accounts that were supposed to be “Free for Life” are no longer free.
A bond insurer said lenders are losing millions in Stockton’s bankruptcy while the city continues to fund pricey pensions.
California has a new law to stop what Gov. Jerry Brown calls abusive home lending tactics.
California’s State Assembly and Senate both passed a package of protections for homeowners designed to prevent further foreclosure abuse. The legislation now goes to Gov. Brown.
The government is launching an online database of complaints about credit cards. The public can see what types of complaints people have filed against any bank that issues credit cards.
Facebook is seeking to consolidate the more than 40 lawsuits it faces following its rocky initial public offering of stock last month.
Members of a coalition aimed at making mortgage relief a key issue this election demonstrated at major banks in Oakland Thursday