Colleges and alumni associations throughout Texas are making money from banks and credit card companies by selling them the names, addresses, phone numbers and email addresses of alumni, faculty, ticket holders, donors and students, according to reporting by KENS Channel 5 in San Antonio.
Yesterday, Wall Street giant J.P. Morgan Chase announced a $4.4 billion profit in the third quarter. Wall Street analysts should have cheered. Instead, they golf-clapped, while the bank’s chief executive officer, Jamie Dimon, went on the defensive on an earnings call.
[Economy1] The reason: foreclosures, again threatening everything from More…
David Dayen reports some big news on the foreclosure fraud scandal:
[Richard Cordray, the Attorney General for the state of Ohio] has filed a lawsuit in Lucas County (Toledo) Common Pleas Court against GMAC Mortgage and their parent company Ally Financial, in a suit which names Jeffrey Stephan,
It was last December when Julio Angulo ignored the bitter cold and sat on a rusted patio chair in the front yard of his foreclosed home in suburban Manassas, Va. He sighed, resting his hand on his knee. He stared despondently at the sky. His lender had foreclosed on his More…
The congressional Democrats leading the effort to protect consumers from overdraft fees said today that, despite Tuesday’s news that Bank of America and JP Morgan Chase will adopt some of those protections voluntary, there remains the need to make the safeguards permanent through legislation.
“These are More…
JPMorgan Chase CEO Jamie Dimon shared his thoughts on curing the financial crisis today in Washington. Basically, he said, things would get better if we all would just quit picking on corporate America. Dimon offered that insight during a speech before a conference sponsored by the U.S. Chamber of Commerce, More…
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