The reports come just a day after the Justice Department sued Volkswagen. Read more
MetLife’s home lending unit will pay $123.5 million to end the ongoing investigation into the company’s giving of government-backed mortgages to folks who didn’t meet federal requirements. A... Read more
While most of the news surrounding General Motors has, of late, rightly focused on recalls and accidents caused by the company’s defective ignition switch, those aren’t the only troubles the... Read more
The U.S. Department of Justice has launched a criminal investigation into whether General Motors waited too long to recall the 1.6 million vehicles. On March 10, House lawmakers announced th... Read more
JPMorgan Chase agreed last month to a mortgage settlement that will cost the bank $13 billion. While that amount is a record for a single company, a closer look at what the bank had done sug... Read more
Rabobank of the Netherlands has agreed to pay about $1 billion to settle U.S., British and Dutch charges of manipulating a key global interest rate. The bank’s chairman resigned as it... Read more
U.S. District Judge Carl Barbier has ordered parties in the second phase of the BP oil spill trial, which ended last month, to submit summaries of the evidence presented in the trial and pro... Read more
At least six federal agencies including the Justice and Treasury departments are coordinating a broad probe of online payday lenders that charge enormous interest and fees to low-income borr... Read more
It appears that in the coming months U.S. Attorney General Eric Holder will be filing more cases related to the economic meltdown. The Justice Department is near to reaching decisions on a n... Read more
JPMorgan Chase is currently under federal criminal investigation over its sale of mortgage securities. This makes the bank, which is the biggest U.S. bank by assets, the first large financia... Read more
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