If you watched the recent presidential debates or the Republican and Democratic conventions, you might have gotten the …
JP Morgan
J.P. Morgan Chase Tight-Lipped About Credit Card Debt Lawsuit Dismissals
Mortgage lenders are under scrutiny for their foreclosure practices and record-keeping, including abuses like so-called “robosigning” and trying to foreclose on homes without proper documentation. Bank of America agreed to pay …
Federal Agency Sues Banks For Credit Union Failures
One of the most frustrating things about the 2008 financial crisis was the sense that the people who got us into this mess weren’t going to face any kind of repercussions. For ordinary Americans watching their nest eggs tank while reading about bailouts and golden parachutes, there was a widespread feeling that somebody needed to be held …
Madoff’s Banks Claim: Does that raise the Heat on JP Morgan?
Madoff says his Ponzi scheme was known by others (Photo: U.S. Marshals/REUTERS)
Nearly two years ago, just months after the Madoff scam was revealed, TIME.com wrote a story questioning whether JP Morgan Chase was hiding evidence that it knew of the Bernie Madoff Ponzi scheme. Now it appears, Bernie Madoff is making the same …
Why Jamie Dimon is Afraid of Elizabeth Warren
There are a lot of reasons to like the idea of a consumer financial protection agency. My colleagues Barbara Kiviat and Michael Grunwald have named the more substantive ones here, here and here. But I think I have stumbled across possibly the most telling data point yet on why the CFPA is a good idea: Jamie Dimon is scared of debating …
