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  • State Farm faces criminal investigation of Hurricane Katrina claims handling
    State Farm faces criminal investigation of Hurricane Katrina claims handling

    State Farm Insurance faces a new criminal investigation in TX related to how it handled potentially tens of thousands of hurricane claims there, ABC News has learned exclusively. Gregg Cox, who leads ...

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  • Merrill Investors Win Class Certification In Suit Over $16.5B In Mortgage Backed Securities
    Merrill Investors Win Class Certification In Suit Over $16.5B In Mortgage Backed Securities

    A New York federal judge on Wednesday certified a class in a suit brought by institutional investors who claim Merrill Lynch & Co. Inc. sold them $16.5 billion of mortgage-backed securities that ...

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  • Encore Captial Settles Class Action Lawsuit
    Encore Captial Settles Class Action Lawsuit

    Encore Capital Group Inc. said it agreed to settle all pending class-action lawsuits accusing the nation's largest buyer of distressed consumer debt of using flawed or even phony affidavits to collect ...

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  • Consumer protection bureau launches site to receive customer concerns, suggestions.
    Consumer protection bureau launches site to receive customer concerns, suggestions.

    In his Los Angeles Times (2/4) column, David Lazarus reports the Consumer Financial Protection Bureau launched ConsumerFinance.gov ahead of the agency's July 21 start date in efforts to connected with ...

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  • Countrywide predatory loans settlement includes mortgage adjustments, relocation assistance.
    Countrywide predatory loans settlement includes mortgage adjustments, relocation assistance.

    The AP (2/3) reported California reached a $6.5 million agreement with former executives at Countrywide Financial Corp. to settle a predatory lending lawsuit. The state's 2008 suit claimed Countrywide ...

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  • Did JPMorgan executives ignored doubts on Madoff?
    Did JPMorgan executives ignored doubts on Madoff?

    The New York Times (2/4, Henriques) reports, "Senior executives at JPMorgan Chase expressed serious doubts about the legitimacy of Bernard L. Madoff's investment business more than 18 months before ...

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