Updated: A bill to increase student loan limits that is intended to make it easier for students and their parents to get funding for college and graduate school in…
In a case that may be something of a signpost pointing to further litigation related to the subprime mortgage crisis, a bankruptcy trustee has filed suit against major investment banks…
After a two-year decrease in filings, federal securities class actions were up in 2007 thanks in large part to subprime-related lawsuits and those against foreign securities issuers.
A new federal law that requires merchants to remove from cash register receipts private information such as more than five digits of a credit card number apparently may have caught…
A federal judge has authorized the U.S. Trustee to investigate whether mortgage processing systems used by Countrywide Financial Corp. have affected “the integrity of the bankruptcy process.”
As home foreclosure rates continue to reach record levels, Ohio’s political leaders are supporting a program that offers free legal representation to Ohioans making below $54,000 a year for a…
The general counsel of New Century Financial Corp. warned of unsound lending practices in a 2004 memo that was apparently ignored, according to a bankruptcy examiner’s report.
A misdirected e-mail from Credit Suisse helped set the stage for two lawsuits filed this week by two private equity firms seeking to purchase Clear Channel Communications, the Mar 27, 2008 3:00 PM CDT
In the wake of last week’s near-collapse of the once-famed Bear Stearns investment bank, U.S. Treasury Secretary Henry Paulson is saying that such investment houses, like regular commercial banks, should…
A critical report by a lawyer and former SEC official breaks new ground by blaming a Big Four accountant for a failed subprime mortgage lender’s “improper and imprudent practices,” and…
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