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Robert B. Reich: Of bedrooms and boardrooms
Some want the 2012 election to be about regulating America's bedrooms. But it really ought to be about regulating the nation's boardrooms. The bedroom regulators are on the move. Republicans don't want same-sex marriage. Mitt Romney says he's against it,...
Tags: Barack Obama, Values, Republican Party, Elections, Abortion Issue
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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: Barack Obama, Morgan State University, Barbara A. Mikulski, Employment Opportunities, Business Enterprises
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'Occupy' turns to housing
Those who rely on mainstream media to tell them what's happening can be forgiven for coming to the same opinion as ex-Gov. Robert Ehrlich, who wrote in his recent column "Capitalism on trial" that the Occupy movement has disintegrated. While aggressive...Tags: Real Estate, Media Industry, Interior Policy, Homes, Housing and Urban Planning
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Ripley's opens Odditorium at Harborplace
Ripley's Believe It or Not, one of the first of several new tenants opening for the summer tourist season at Harborplace in downtown Baltimore, will open Saturday in the Light Street Pavilion. Ripley Entertainment Inc. said exhibits at the Inner Harbor...Tags: Bankruptcy, Harry Potter (fictional character), Arts, Financially Distressed Companies, Chemical Industry
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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: Arbitration, Lawyers, U.S. Supreme Court, Credit and Debt, Bank of America Corp.
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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: Wachovia Corp., Douglas F. Gansler, Mortgages, Finance, Banking
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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: Lawyers, Douglas F. Gansler, Mortgages, 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: Lawyers, Real Estate, Mortgages, Prince George's County, Banking
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Wells Fargo to eliminate debit card rewards
Wells Fargo is notifying customers in emails that it will end its rewards on debit cards as of Oct. 8. No more racking up points for purchases. The bank blames regulatory changes as well as lower interchange fees it collects from retailers for...Tags: Wells Fargo & Co.
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Federal Reserve sets limits on debit card swipe fees, leaving merchants and banks unhappy
You might not have paid attention to the fierce yearlong battle between merchants and banks over debit cards, but you'll likely notice last week's outcome in your wallet.
The dispute was over the debit card interchange fee — the payment merchants...Tags: Highlandtown, Maryland, Consumers, Federal Reserve, Banking
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BofA to charge $5 monthly debit card fee; others to follow
Reuters reports that Bank of America next year will start charging $5 a month for customers who use a debit card.
And other banks, Reuters says, are expected to follow:
"Wells Fargo & Co, JPMorgan Chase & Co and SunTrust Banks Inc are already testing or...Tags: Bank of America Corp., Wells Fargo & Co., SunTrust Banks Incorporated
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Md. will share in $75 million bond-derivatives settlement
Maryland will share in a $75 million settlement that state attorneys general across the country negotiated with JPMorgan Chase & Co. to resolve allegations of bond derivative bid-rigging that defrauded states, counties and nonprofits, the state said...Tags: Lawyers, Bank of America Corp., Finance, Hospitals and Clinics, Johns Hopkins Hospital
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