Were Bank Settlements Really Payments of Extortion to the Department of Justice??

Congratulations are in order to the Federal Housing Finance Agency, which has managed to bring a case to trial against Nomura Holdings and the Royal Bank of Scotland, two foreign banks with little U.S. reputational risk. This relatively obscure agency oversees Fannie Maeand Freddie Mac. Considering they have nowhere near the power of our federal regulators and prosecutors at our esteemed Department of Justice and the Securities and Exchange Commission, the victory is a strong step in the right direction.

Credit-Reporting Giants Agree to Overhaul

The three biggest companies that collect and disseminate credit information on more than 200 million Americans will change the way they handle errors and list unpaid medical bills as part of the broadest industry overhaul in more than a decade.

Nation's Top Ten Consumer Complaints

Do-not-call violations and other telemarketing abuses were the fastest-growing complaints in 2013, according to the latest report from the annual survey of state and local consumer protection agencies conducted by Consumer Federation of America (CFA) and the North American Consumer Protection Investigators (NACPI). Forty agencies from twenty-three states responded to the survey about the complaints they received last year.

Check the Background of Your Financial Advisor

If you currently use a financial advisor or you’re thinking of transitioning to a new one, you might have a number of questions about your financial decisions; but did you begin by asking yourself how you could do a background check on your financial advisor?