| Aug 19, 2011
| 7:34 AM
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...
| Sep 29, 2011
| 1:07 PM
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...
| Jan 18, 2011
| 5:41 PM
GMAC Mortgage said Tuesday it is dropping about 250 Maryland foreclosure cases that were apparently "robo-signed," giving homeowners a second chance to save their properties — and raising the possibility that other lenders might follow suit.
| Oct 19, 2010
Maryland and most other states outlaw "pay for performance" for political lobbyists for a very good reason.
Experience has shown, going back to an 1853 case involving a Baltimore & Ohio Railroad lobbyist and the Virginia Legislature, that rewarding...
| Jun 26, 2011
| 8:13 PM
Amy Porter and Timothy Reid
Linda and Jim Porter, of Herdon, Va., announce the engagement of their daughter, Amy Lenore Porter, to Timothy Warren Reid, son of Donna and Dick Reid, of Towson.
The bride-to-be is a graduate of Oakton High School, in...
| Jul 5, 2011
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...
| Jul 7, 2011
| 1:29 PM
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...
| May 17, 2012
| 3:47 PM
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...
| May 16, 2012
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,...
| Apr 5, 2012
| 8:53 PM
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...
| Nov 1, 2011
| 6:42 AM
Apparently, consumers have a breaking point — a $5 monthly debit-card fee.
Since news broke late last month that Bank of America planned to introduce such a fee next year, the uproar hasn't abated.
Legislation was introduced in Congress to make it...
| Nov 2, 2011
Facing a consumer backlash and an online revolt, Bank of America said Tuesday that it won't adopt a $5 monthly debit card fee next year after all.
The move — which came after some banks had backed away from similar fees — is seen as a major...