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Headline News Archive

2014

October

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September

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  • Bank fined for mortgage-processing failures. Michigan-based Flagstar Bank was ordered to pay $37.5 million in consumer relief and fines Monday in the first enforcement action involving violations of federal regulations…
  • Consumer debt hits all-time high. For many American households, the recession was a time to pay off debt and get their finances in order—whether they wanted to or not. But…
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  • Why a U.S. bank may owe you money. The Minneapolis-based bank agreed on Thursday to pay out $48 million to more than 420,000 customers who were billed for identity theft protection services that…
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  • Miss a payment? Good luck moving that car. Subprime lenders are increasingly relying on technology that allows them to track and disable delinquent borrowers’ vehicles with just a tap of a cellphone app.
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