04 19 2014
  6:32 pm  
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Banks Brace As JP Morgan Chase Faces $13 Billion Settlement with Justice Department

So far no bank officials have been held personally responsible for banks lawbreaking

JPMorgan is on the verge of reaching a $13 billion settlement with the government, but the deal could be just one of many.The settlement, which has yet to be finalized, relates to mortgage-backed securities sold by JPMorgan and the firms it later purchased, Bear Stearns and Washington Mutual.

Read more: Banks Brace As JP Morgan Chase Faces $13 Billion Settlement with Justice Department

Don't Let Bank Payday Exploit Seniors and Their Social Security Benefits

Federal banking regulators recently issued proposed rules and called for public comment on reining in bank payday lending

Responding to public concerns and new research, federal banking regulators recently issued proposed rules and called for public comment on reining in bank payday lending.


Read more: Don't Let Bank Payday Exploit Seniors and Their Social Security Benefits

Obama Budget Breaks Social Security Pledge

Social Security benefits for a typical middle-income 65-year-old would be about $136 less a year under the new indexing

Even before President Obama released his budget proposal this week for the next fiscal year that begins Oct. 1, preliminary details about his plan to effectively cut Social Security cost of living increases has caused a firestorm among supporters who now feel betrayed.

Read more: Obama Budget Breaks Social Security Pledge

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