Monthly Archives September 2015

Concerns About Buying a Car and Bad Credit

Looking for a vehicle is a big deal. In fact, taking out an auto loan is one of the biggest financial commitments people make. So, what happens when you need a car but are experiencing issues with your credit? There are many different things that potential car buyers have concerns about when they are looking […]

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Web-based personal finance class to be offered Sept. 24

A four-week personal finance class will begin Thursday, Sept. 24. The class, Mainely Money, will be hosted in a webinar format and available to adults throughout the state. Students in the class can learn about budgeting, credit, banking and other personal finance matters. NeighborWorks Homeownership Services of Maine, a group of five affiliates of NeighborWorks […]

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Sen. Elizabeth Warren, AG Maura Healey want student loans canceled for defunct …

Last year, the state attorney generals office announced it was suing the school over allegations that it misrepresented its training programs and job placement rates in order to increase profits, and pushed students into high-interest subprime loans, leaving many students without employment and unable to repay their debt. Many of the student loans are taxpayer-backed. […]

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UPDATE 1-E*Trade to eliminate $4.4 bln in high-cost funding

(Adds details, share movement) Sept 8 (Reuters) – E*Trade Financial Inc said it would eliminate all of the $4.4 billion wholesale funding obligations from its banks balance sheet by the end of the current quarter to make room for low-cost deposits. Shares of E*Trade, which operates a discount broker-dealer and a bank, jumped 6.4 percent […]

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Lynch Orders Prosecutors To Lock Up Wall Street Execs

Head Hunting: Just when you thought the Obama regimes demonization of Wall Street had run its course, Attorney General Loretta Lynch has given prosecutors license to gun for top executives for financial crimes. Lynch has issued a memo to prosecutors nationwide directing them to set their sights on Wall Street bank honchos. Forget corporate liability, […]

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Los Angeles drops mortgage discrimination case against JPMorgan

NEW YORK Los Angeles has dropped a lawsuit accusing JPMorgan Chase (JPM.N), the largest US bank, of discriminatory mortgage lending, ending the first of the citys four lawsuits accusing major banks of driving up foreclosures among minority borrowers. Disclosed in a filing on Tuesday in a California federal court, the agreement ends a lawsuit attempting […]

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