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Alex Wong/Getty Images Eugene Ludwig, second left, founded Promontory Financial after serving as President Bill Clinton's Comptroller of the Currency. The consulting firm is filled with so many former bureaucrats and political insiders that it has
The Federal Reserve is imposing $3.2 million in penalties against MetLife Inc. for failing to prevent foreclosure abuses by its bank subsidiary. The Fed announced the action Tuesday against the largest U.S. life insurer. MetLife
Bank of America says it has begun contacting some its customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged foreclosure abuses. The bank said Tuesday that some of those more
Holdings PLC, PNC Financial Services Group, MetLife, OneWest Bank, SunTrust Banks and U.S. Bancorp — were not part of last month's settlement over alleged foreclosure abuses. Suzanne G. Killian, a senior associate director at the
Free home preservation workshop Thursday Free home preservation workshop Thursday Wells Fargo will hold a free home preservation workshop from 9 a.m. to 7 p.m. Thursday at the Fresno Convention Center to help mortgage customers with payment
Attorney General Roy Cooper will be among the state officials meeting Wednesday in Washington with representatives of five mortgage servicers under investigation for mortgage and foreclosure abuses. The five servicers, including Bank of America Corp.