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Business and Financial
Oct 14, 2008
The House of Representatives passed a bill that is essential to helping Americas economy weather the financial crisis. The Senate passed the same legislation. And when Congress sent me the final bill, I signed it into law. There were moments…
Sep 30, 2008
The Federal Trade Commission has charged a Florida couple with violating federal law by deceiving consumers into believing that their homes could be saved from foreclosure in return for a fee. At the Commissions request, a federal court halted the…
Sep 22, 2008
Recent Actions regarding Government Sponsored Entities, Investment Banks and other Financial Institutions Washington, DC--Chairman Dodd, Senator Shelby, members of the committee, thank you for the opportunity to appear before you today. I appreciate that this is a difficult period for…
Sep 21, 2008
August Issuance Sets New Record for Ginnie Mae Washington, DC Today, the Government National Mortgage Association (Ginnie Mae) announced that issuance for its Mortgage-Backed Securities (MBS) program increased to a record breaking $29 billion in August, the highest rate of…
Sep 21, 2008
Personal Finance Expert Suze Orman Featured in PSAs The Federal Deposit Insurance Corporation (FDIC) launched a national campaign designed to help consumers learn about the benefits and limitations of deposit insurance. The campaign's public service announcements (PSAs) will feature personal…
Sep 16, 2008
Washington, DC The National Community Reinvestment Coalition (NCRC) said that the governments takeover of Fannie Mae and Freddie Mac was unavoidable as a direct result of the failure of Congress and the Administration to address the ongoing foreclosure crisis. Earlier…
Sep 16, 2008
The Federal Trade Commission has returned approximately $12.7 million to consumers this week from a settlement with Andris Pukke and his companies, AmeriDebt, Inc. and DebtWorks, Inc. This consumer redress concludes the largest credit counseling/debt management deception case brought by…
Sep 16, 2008
WASHINGTON The Office of the Comptroller of the Currency and the Office of Thrift Supervision joined forces to issue a joint report today on the performance of approximately 60 percent of all first lien mortgages outstanding in the United States.…
Sep 16, 2008
Rolls Out Mobile ATMs and Banking Centers Bank of America Charitable Foundation Contributes $1 Million to Aid in Storm Relief Efforts HOUSTON -- Bank of America today announced its disaster relief program for 29 counties in Texas and 14 parishes…
Sep 2, 2008
FDIC Board to Consider Restoration Plan to Bolster the Deposit Insurance Fund Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported net income of $5.0 billion in the second quarter of 2008, a decline of…
Aug 26, 2008
Tokyo Ricoh Company, Ltd. (TSE: 7752, "RICOH")(President & CEO: Shiro Kondo) today announced that it has reached a definitive agreement with IKON Office Solutions, Inc. (NYSE: IKN, "IKON") to acquire IKON (the "Transaction") through RICOHs wholly owned U.S. distribution subsidiary,…
Aug 26, 2008
PostPath's Email and Calendaring Software to Enhance Cisco's WebEx Collaboration Platform SAN JOSE, Calif. - Building upon its commitment to provide a comprehensive collaboration portfolio, Cisco today announced its intent to acquire privately held PostPath, Inc., a provider of innovative…