Homeowners Win U.S. High Court Clash on Canceling Mortgages
The U.S. Supreme Court gave homeowners more ability to cancel their mortgages if lenders don't provide the required disclosures, in a setback for the banking industry. News
Wealth Gap in the U.S. Hits All-Time High
The gap between high income and middle- and lower-income families' wealth is growing as the economy recovers from the economic downturn, according to a study. Collection & Credit Risk
U.S. Credit Card Accounts Rose by 24M Since Last Year: Report
The U.S. credit card industry continues its slow rebound from the financial crisis. In the second quarter, the number of open accounts rose by 24 million from a year earlier, while purchase volumes also increased significantly, according to a new report issued Wednesday by the American Bankers Association. Collection & Credit Risk
Freddie Mac Will Pay U.S. $2.8 Billion on Quarterly Profit
Freddie Mac will return $ 2.8 billion to the Treasury Department next month, bringing its total payments to about $ 20 billion above what it got in aid after the 2008 credit crisis. News
U.S. Bancorp to Pay $200 Million to End Mortgage Probe
U.S. Bancorp, the nation's largest regional lender, agreed to pay $ 200 million to resolve federal claims that it misrepresented the quality of government-backed mortgages the company originated. Collections - Other Consumer
