Bank of America announced it has begun mailing letters to the first wave of up to 200,000 homeowners who are eligible for …
mortgage meltdown
A Long To-Do List Awaits the CFPB and Its New Director
Now that the Consumer Financial Protection Bureau has a director (albeit one whose appointment could be challenged in court), it has quite the to-do list. At the top, according to newly installed bureau head Richard Cordray, is …
Don’t Cry for Goldman Sachs, Despite ‘Bad’ Year and Partner Exits
Has Goldman Sachs lost its lustre? The Wall Street powerhouse is wrapping up its worst financial performance since 2008, with profits down more than 40% so far this year. As a result, end-of-year bonus payouts are sure to be …
