Regulators Say Wells Fargo Among Top Banks Still Too Big To FailSan Francisco-based Wells Fargo Bank along with four other large U.S. banks have failed to convince U.S. regulators that they could survive another economic collapse.
76 Million Households Hit By JPMorgan, Chase Bank Data Breach JPMorgan Chase said that names, addresses, phone numbers and email addresses were stolen from the company’s servers, but only customers who use the websites Chase.com and JPMorganOnline and the apps ChaseMobile and JPMorgan Mobile were affected.
Californians Wrongfully Foreclosed On Receiving $1,500 ChecksMore than 200,000 Californians will each receive checks worth nearly $1,500 this month as part of the national mortgage settlement, the state attorney general's office said Tuesday.
California AG Harris Sues JPMorgan Chase Over Debt CollectionCalifornia's attorney general sued one of the nation's largest banks Thursday, alleging that JPMorgan Chase & Co. used illegal tactics in its efforts to collect debts from more than 100,000 credit card holders.
Weakness In Electricity Trading Exposed; State Agency $73M ShortCalifornia officials say a big electricity trader has apparently figured out a way to exploit vulnerabilities in the state’s $8 billion-a-year electricity market, just as Enron Corp. did a decade ago.
California To Sign Mortgage Settlement, Source SaysCalifornia and New York have agreed to sign the proposed settlement between U.S. states and the nation’s biggest mortgage lenders over foreclosure abuses, according to a source close to the negotiations.
AG Harris Won’t Agree To Foreclosure Settlement With Big BanksCalifornia Attorney General Kamala Harris said Friday that she will not agree to a settlement over foreclosure abuses that federal officials and other state attorneys general are negotiating with major U.S. banks.
ConsumerWatch: Feds Impose New Regulations On Mortgage Industry The federal government on Wednesday ordered 16 of the nation’s largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon.