Tue, 23 Aug 2016 10:57:40 GMT
Where Do Bank-Loan Funds Go From Here?
These are interesting times for bank-loan portfolio managers. Bank-loan funds have proved to be especially prone to whipsawing views about the path of interest rates. Like high-yield bonds, bank loans, also referred to as floating-rate loans, are ...
Tue, 23 Aug 2016 20:42:55 GMT
Lawsuit claims loan-service companies overcharged Latino families
The federal government accused a group of loan service companies Tuesday of peddling largely worthless loan audits to Latino families in the Bay Area for up to $5,000 each. In a suit filed in federal court in San Francisco, the Justice Department ...
DOJ Says Calif. Loan Modification Firms Discriminated Against Latino Homeowners
Mon, 22 Aug 2016 21:16:39 GMT
Wells Fargo fined $3.6M over student loan practices
Wells Fargo must reform its practices and pay a $3.6 million fine for actions that federal consumer protection officials say misled student loan borrowers and resulted in some paying unnecessary fees. In the order filed Monday leveling the penalty, the ...
Wells Fargo fined $4 million for illegal student loan fees
Wells Fargo student loan settlement: Bank agrees to pay $4 million
Wells Fargo to pay $4.1 million fine for illegal student loan practices