Financial & Insurance Fraud

Big Businesses Creatively Retaliate Against Dodd-Frank Whistleblowers

Posted: January 6, 2015 at 4:20 pm   /   Business & Investment Fraud, Business Protection, Consumer News, Financial & Insurance Fraud

In only a few short years since it’s inception, big businesses on Wallstreet have figured out fool-proof ways to protect themselves from the Dodd-Frank Act. The following article from Forbes.com denotes just what businesses have concocted to retaliate against this SEC endorsed program. Fearing the power and effectiveness of the Dodd-Frank whistleblower programs, big business […]

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Big Banks Face Another Round of U.S. Charges

Posted: October 10, 2014 at 8:00 am   /   Financial & Insurance Fraud

The Justice Department is preparing a fresh round of attacks on the world’s biggest banks, again questioning Wall Street’s role in a broad array of financial markets. With evidence mounting that a number of foreign and American banks colluded to alter the price of foreign currencies, the largest and least regulated financial market, prosecutors are […]

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Sen. Elizabeth Warren Calls for Hearings against the NY Federal Reserve

Posted: October 6, 2014 at 1:45 pm   /   Business Protection, Consumer News, Financial & Insurance Fraud

Senator Elizabeth Warren, an instrumental player in the creation of the Consumer Financial Protection Bureau, is calling for oversight hearings against the New York Federal Reserve after live recordings have surfaced regarding the examination of Goldman Sachs during the 2008 Financial Crisis. Sen. Elizabeth Warren has just been handed a giant political opportunity. After spending […]

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Banking Fees Finally on the Decline

Posted: September 13, 2014 at 11:40 am   /   Consumer News, Deceptive Advertising, Financial & Insurance Fraud

The Federal Reserve has put in place policies to limit unnecessary fees and now require that consumers “opt-in” for overdraft coverage. The result? For the first time since 1942, revenue from banking fees is on the decline… Banks are making less of their money from customer-account fees than at any time in the past seven […]

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When His Debt Came Back From the Dead, He Sued

When His Debt Came Back From the Dead, He Sued

Posted: August 25, 2014 at 8:00 am   /   Financial & Insurance Fraud

Eduardo Austin spent the summer of 2010 watching hundreds of dollars get sucked out of his paycheck every payday by the clerk’s office of the State Court of Fulton County, Georgia. Back in 2004, Discover card had won a $2,401 judgment against him for unpaid credit card bills. The money finally started coming out of […]

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J.P. Morgan Questioned for Conflicts of Interest

J.P. Morgan Questioned for Conflicts of Interest

Posted: August 4, 2014 at 8:26 am   /   Financial & Insurance Fraud

J.P. Morgan Chase Co. is facing tough questioning over whether it has been trying to influence clients to invest in it’s own products. The Wall Street Journal reports… Regulators have questioned J.P. Morgan Chase & Co. executives in recent months about whether the firm steers private-banking clients to its own investment products, according to people […]

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