Faulty Mortgage and Sloppy Foreclosure Costs Top $72 Billion
2/23/2012 Flawed mortgages and careless foreclosure costs reached $72 billion at the major U.S. banks as the settlement of a 50-state investigation into the practices of the industry nears. JPMorgan Chase & Co., Ally Financial Inc., Wells Fargo & Co., Citigroup Inc. and Bank of America Corp., the five biggest home lenders during the […]
Auto Industry Getting Nervous Over Verdict on Honda Civic Mileage Case
2/23/2012 Honda is now bracing for a likely avalanche of legal challenges should the courts in California decide to uphold a recent verdict which awarded almost $10,000 to a woman who claimed that her 2006 Civic Hybrid did not perform exactly as promised by the maker. She found out that her Civic delivered lower […]