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Pritzker knows commerce
When business leaders complain that President Barack Obama has been at best neglectful and at worst hostile toward the nation's job creators, they cite a long list of grievances. On the list — not high, but on the list — is that when Obama...
Tags: Hyatt Hotels Corp., Penny Pritzker, Political Fundraising, John Bryson, Gary Locke
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Wichitans charged with mortgage fraud
KWCH 12 Eyewitness NewsSeven people in Wichita have been charged in a federal mortgage fraud case. An indictment alleged the scheme involved straw buyers and straw sellers, false loan applications and false supporting documentation submitted to lenders. Victims of the fraud...Tags: Federal Housing Administration, Fannie Mae, U.S. Department of Housing and Urban Development, Freddie Mac, Prosecution
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High-cost borrowing is a new American norm, research finds
High-cost borrowing through payday loans, pawn shops, auto title loans and others is no longer on the margins of U.S. consumer behavior — about 1 in 4 Americans have tapped this kind of financing, new research shows. A new study by the National...
Tags: Consumers, U.S. Consumer Financial Protection Bureau, Research
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Flooding reveals: Safe-deposit boxes not entirely safe
After flooding filled the basement vault of a Northfield bank, William Hielscher arrived to inventory the contents of his mother's safe-deposit box — one of a few hundred that had been exposed to floodwaters several days earlier. Chase bank...
Tags: Natural Disasters, Inventories, Insurance, Hurricane Sandy (2012), Banking
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Kids and money: A bank for kids only
Kids & MoneyRich Martinez clearly loves his kids -- all 15,800 of them. That's the number of accounts -- from diaper-clad toddlers to college students -- at Young Americans Bank in Denver. As chief executive of the nation's only FDIC-insured bank for youths age...Tags: Television Industry, Colleges and Universities, Lobbying, Heavy Engineering, Students
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Loss-share agreements abuse public
In November 2011, I wrote a column about FDIC loss-share agreements and how banks who exploit them were reaping windfalls while prolonging the foreclosure crisis, depressing property values and harming American families. The FDIC took issue with my...Tags: Fox News Channel (tv network), Foreclosures, Judges, Justice System, Financial and Business Services
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Regulators follow golden road to Promontory
Mary Schapiro, the former chairman of the Securities and Exchange Commission, must take us for fools. No need to worry about her and the so-called revolving door between government and Wall Street, she told the Wall Street Journal on April 2, after...Tags: Citigroup Incorporated, The Wall Street Journal, American International Group, Finance, Mary Schapiro
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Ask Kim: Are credit union accounts insured like banks?
Kiplinger's Money PowerQ. I have money in certificates of deposit at my credit union and would like to add more because the rates there are slightly higher than they are at the banks I've considered. Are credit unions covered by the Federal Deposit Insurance Corp. in case...Tags: Personal Finance, Finance
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Too big to save
Paul GreenbergOccasionally there is an opinion piece in the papers so clear in its analysis of a problem, so convincing in its argumentation, and so authoritative in its judgment that, on finishing it, a reader is tempted to just stand up and cheer. That's what I felt...Tags: Justice System, Judges, The Wall Street Journal, Bill Clinton, National Government
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Flood risk: Bane of Balboa Island's existence
Craig Schusterick, his workman's hands powdery white with construction grit, led the way across Onyx Avenue on Balboa Island to show off his handiwork. His nearly complete three-story home — designed with solid wood paneling to echo the Cape Cod...
Tags: Water, FEMA, Insurance, Values, Floods
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Chrysler bankruptcy expert named Detroit's emergency manager
A Washington bankruptcy expert who represented Chrysler during its successful restructuring was named as the state-appointed emergency financial manager charged with helping to bring Detroit out of its fiscal morass. Kevyn Orr, 54, was named on Thursday...Tags: Mitt Romney, Financially Distressed Companies, Executive Branch, Finance, New York City Police Department
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Letters: Bank business
Re "OneWest is said to be exploring a sale," Business, March 9 The current value of OneWest Bank is nearly twice the $1.55 billion investors paid to buy it in 2009. Those great profits, of course, ignore the $13 billion bath the public took when the...Tags: Walmart
May 3, 2013
|Story| Chicago Tribune
May 2, 2013
|Story| KWCH
Apr 26, 2013
|Story| Los Angeles Times
Apr 26, 2013
|Story| Chicago Tribune
Apr 22, 2013
|Story| Tribune Media Services
Apr 14, 2013
|Column| South Florida Sun-Sentinel
Apr 8, 2013
|Column| Allentown Morning Call
Apr 4, 2013
|Story| Tribune Media Services
Mar 26, 2013
|Column| Tribune Media Services
May 4, 2013
|Story| Daily Pilot
Mar 14, 2013
|Story| Los Angeles Times
Mar 14, 2013
|Story| Los Angeles Times
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