In the fourth quarter of 2011, Mastercard allotted $495 million to cover the amount it expects to pay in a settlement over card fees charged to merchants.
Entries Tagged as 'banks'
Mastercard Poised to Settle Card Fee Lawsuit
February 3rd, 2012 · No Comments · Credit Cards
Tags: antitrust·banks·big banks·credit·Credit Cards·Debit Cards·Kroger·lawsuit·Mastercard·National Association of Convenience Stores·QVC·Rite Aid·Safeway·Settlement
Obama Proposes Mandatory Refinancing for Underwater Home Loans
February 1st, 2012 · No Comments · Mortgages
Outlined in this new program is a requirement that home loans must be refinanced if the homeowners owe more than 140 percent of the value of their home.
Tags: banks·Home Affordable Refinancing Program·home loan·home loans·homeowners·Mortgage·Obama·refinance·Refinancing·underwater
Big Banks Getting Off Easy In Settlement on Illegal Foreclosures?
January 26th, 2012 · 2 Comments · Mortgages
Though proponents to the settlement characterize it as little more than a slap on the wrist, big banks could soon be required to shell out some cash to homeowners affected by deceptive lending and foreclosing practices.
Tags: Ally·bank of america·banks·Chase·Citi·Economy·Foreclosures·homeowners·Mortgages·Settlement·U.S.·Wells Fargo
