By Lora Shinn Bankrate.com With hundreds of thousands of homes in foreclosure or on short sale lists, theres never been a better time to score a sweet deal. But discount-priced foreclosures and short sales can come with a raft of…

Some changes are effective now, most start next year Congress passed the Credit Card Accountability Responsibility and Disclosure Act of 2009 the Credit CARD Act the most sweeping statutory changes in card protections for consumers since the Truth in Lending…

Reaches Settlement with American National Mortgage Partner Defendants, and Sanctions Others PHOENIX, AZThe Arizona Corporation Commission has approved a settlement with two American National Mortgage Partners defendants who are accused of promoting a million-dollar Ponzi scheme involving land trusts. In…

New Bankrate.com Study Reveals Average Costs for ATMs and Checking Accounts across the Country NEW YORK -- A new study released by Bankrate, Inc. shows that the costs of checking account fees have risen again this year to an all-time…

* Approximately $2.6 Billion in Writedowns From Improvement in Company Credit Spreads * Terminating Government Guarantee Term Sheet Costs $402 Million * Merrill Lynch Platform Continues to Boost Results * Extends $183.7 Billion in Credit in the Third Quarter *…

CHARLOTTE, N.C. -- Bank of America Corporation has signed a definitive agreement to sell First Republic Bank to a number of investors, led by First Republic's existing management, and including investment funds managed by Colony Capital, LLC and General Atlantic…

Phoenix, AZ A coalition of state and local business organizations, including The Arizona Economic Resource Organization (AERO), the Arizona Department of Commerce, Arizona Technology Council, Greater Phoenix Leadership, Southern Arizona Leadership Council, Flinn Foundation and Arizona venture capitalists, has retained…

WASHINGTON With the deadline quickly approaching, the Internal Revenue Service is reminding potential homebuyers they must complete their first-time home purchases before Dec. 1 to qualify for the special first-time homebuyer credit. The American Recovery and Reinvestment Act extended the…

As BP continues to focus its wind business on its major development portfolio in the US, it announced the sale of its wind power interests in India. Green Infra Limited has purchased BP's subsidiary, BP Energy India Private Limited (BPEIPL),…

"Goldilocks" Back in Town - Slow but Sustainable Recovery in Sight NEW YORK and LONDON -- Investors' optimism consolidated last month after its surge in August, with portfolio managers reassessing their positions to gradually embrace the current global economic recovery,…

Washington, DC The U.S. Commodity Futures Trading Commission (CFTC) has sued Schaumburg, Illinois-based Maize Capital Management, LLC (Maize Capital) and its chief operating officer Scott M. Ross, for solicitation fraud and issuing false statements involving a $6 million commodity pool.…

Washington, D.C.Rasheeda M. Canty, a former mortgage broker, pled guilty today to engaging in an extensive mortgage fraud scheme involving properties in the District of Columbia and Maryland. Canty, 35, of Upper Marlboro, Maryland, entered her plea at a hearing…