kpix-7-2013-masthead kcbs 7-2013-masthead

JPMorgan Chase

A foreclosed Stockton home. (Justin Sullivan/Getty Images)

Californians Wrongfully Foreclosed On Receiving $1,500 Checks

More 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.

06/04/2013

California Attorney General Kamala D. Harris speaks during day two of the Democratic National Convention at Time Warner Cable Arena on September 5, 2012 in Charlotte, North Carolina. (Kevork Djansezian/Getty Images)

California AG Harris Sues JPMorgan Chase Over Debt Collection

California’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.

05/09/2013

Director of Alhambra Grid Operations Tracy Bibb keeps an eye on the state's power usage near the dispatch board in the California Independent System Operator (Cal ISO). (David McNew/Getty Images)

Weakness In Electricity Trading Exposed; State Agency $73M Short

California 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.

07/30/2012

A foreclosed Stockton home. (Justin Sullivan/Getty Images)

California To Sign Mortgage Settlement, Source Says

California 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.

02/08/2012

(AP)

AG Harris Won’t Agree To Foreclosure Settlement With Big Banks

California 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.

09/30/2011

(AP)

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.

KPIX 5–04/14/2011