General Motors Co. and two car dealers settled U.S. claims that they touted rigorous inspection of used cars, yet were selling vehicles that had been subject to safety recalls and hadnt been repaired.
The U.S. set illegal terms in demanding AIG stock for an $85B bailout during the financial crisis, but that doesnt mean AIG investors deserve compensation, a court ruled.
BofA agreed to pay $7.65 million to settle U.S. regulatory claims that it overstated its capital by billions of dollars after failing to report losses tied to its 2009 purchase of Merrill Lynch & Co.
New Yorks banking regulator asked Ocwen Financial Corp. for information about an insurance agreement that it says may be designed to funnel fees to an Ocwen affiliate for minimal work.
New Yorks banking regulator asked Ocwen Financial Corp. for information about an insurance agreement that it says may be designed to funnel fees to an Ocwen affiliate for minimal work.