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Federal prosecutors charged two people with fraud for helping at least three other people create false credit histories, which in turn allowed them to acquire millions of dollars in mortgage loans. The case marks the first time the Department of Justice has charged individuals with providing customers fake credit histories, according to U.S. Attorney Beth Phillips.
August 6 -
Illinois Gov. Pat Quinn signed a law this week that he says will help protect consumers against deceptive business practices and abusive fees from debt settlement agencies.
August 5 -
New York Attorney General Andrew Cuomo today announced an investigation into predatory health care lending where consumers - especially seniors and vulnerable patients - are being misled about financing terms, causing them to be pushed into debt.
August 5 -
New York Attorney General Andrew Cuomo today announced an investigation into predatory health care lending where consumers - especially seniors and vulnerable patients - are being misled about financing terms, causing them to be pushed into debt.
August 4 -
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Countrywide Financial Corp. agreed to pay $600 million to settle shareholder lawsuits in the largest payout so far from the mortgage meltdown.
August 3 -
Pensacola, Fla.-based Pen Air Federal Credit Union has established a new Share It debit card program to benefit five school districts, including Escambia and Santa Rosa.
August 2 -
With new restrictions taking effect and billions in fees at stake, banks are not giving up on overdraft services without a fight.
July 30


