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A collection of news and information related to JPMorgan Chase & Co. published by this site and its partners.
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Treasury Secretary Geithner speaks to Greater Baltimore Committee
Speaking to hundreds of Baltimore's business leaders in Harbor East on Thursday morning, U.S. Treasury Secretary Timothy Geithner praised President Barack Obama's handling of the recession and outlined his boss' financial reform wish list, which...Tags: Mitt Romney, Barack Obama, Government Health Care, Business Enterprises, Greece
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Consumer agency to review mandatory arbitration in financial services
Finally, a spotlight will be shone on a widespread business practice that forces unhappy customers to settle disputes through binding arbitration — rather than by telling their story in court. The Consumer Financial Protection Bureau now is seeking...Tags: Consumers, U.S. Supreme Court, Financial and Business Services, University of Nebraska-Lincoln, Credit and Debt
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Wells Fargo mails mortgage-rate reduction offers to borrowers
Wells Fargo borrowers potentially eligible for mortgage rate reductions under the national settlement with big banks are being notified this month, Maryland's attorney general said Friday. The lender is mailing out rate-reduction offers in waves, meaning...Tags: Mortgages, Citigroup Incorporated, Lawyers, Wells Fargo & Co., Financial and Business Services
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$1 billion in aid coming to Maryland foreclosure victims
A federal judge finalized on Thursday a landmark settlement that will bring nearly $1 billion in aid to Maryland homeowners who were victims of deceptive and illegal foreclosure practices. The settlement, for $25 billion in total, was first reached in...Tags: Mortgages, Wells Fargo & Co., Financial and Business Services, Bank of America Corp., Finance
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No plan to 'divert' mortgage settlement money away from Md. homeowners, officials say
Maryland's attorney general said Friday that the nearly $60 million from the national mortgage settlement that the state controls would be used to help people "victimized by the egregious conduct of the banks," in contrast with some states that intend...Tags: Mortgages, Wells Fargo & Co., Bank of America Corp., Financial and Business Services, Finance
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U.S. mortgage deal nears as holdout states join
California and New York, two big holdout states in a $25 billion mortgage settlement, are expected to join the deal, smoothing the way for an announcement on Thursday, according to a person familiar with the matter. Florida, with its large distressed...Tags: Mortgages, Wells Fargo & Co., Barack Obama, Financial and Business Services, Financial and Business Services
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Maryland joins nationwide mortgage settlement
Maryland Attorney General Douglas F. Gansler has agreed to join other states in a $25 billion settlement with the nation's five largest mortgage servicers — a landmark agreement that would provide nearly $1 billion in aid to Maryland homeowners...Tags: Mortgages, Wells Fargo & Co., Financial and Business Services, Barack Obama, Financial and Business Services
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Mortgage settlement has shortcomings, critics say
As the federal government and 49 states signed a landmark mortgage relief settlement Thursday, housing advocates and others pointed to shortcomings and raised questions about how the $25 billion plan would be able to provide relief to nearly 2 million...Tags: Annapolis, Mortgages, Financial and Business Services, Litigation, Citigroup Incorporated
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Free enterprise on trial -- who bears the risks?
As Newt Gingrich lashes out at "liberal elites," Mitt Romney is casting the 2012 campaign as "free enterprise on trial" -- and Mr. Romney defines free enterprise as achieving success through "risk-taking." U.S. Chamber of Commerce President Tom Donahue,...Tags: Mitt Romney, 401K, Health and Safety at Work, Newt Gingrich, Bain Capital, LLC
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Payments Source: Chase no longer suing to collect bad debts in Maryland
An article by Payments Source, a sister publication of the American Banker, recently reported that J.P. Morgan Chase has stopped filing lawsuits to collect on credit card and other debts in several states — including Maryland.
The publication noted...Tags: Trials, Banking, Trials, Litigation
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Mortgage settlement: A good deal for Maryland
Maryland Attorney General Douglas F. Gansler is right to sign on to the multi-state settlement with the nation's five largest banks over some aspects of the faulty procedures they used to foreclose on homes during the mortgage crisis. The state stands...Tags: Mortgages, Wells Fargo & Co., Financial and Business Services, Finance, Financial and Business Services
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Md. mortgage distress appeared to ease slightly in 2011
The number of Maryland homeowners behind on their mortgage payments but not yet in foreclosure inched downward in 2011, numbers released Thursday showed. It was the second consecutive year of improvement, but it wasn't enough to bring the state back to...Tags: Annapolis, Mortgages, Wells Fargo & Co., Auction Service, Bank of America Corp.
May 17, 2012
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Jan 25, 2012
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Jan 19, 2012
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Feb 16, 2012
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