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AP - A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.
AP - A fight is breaking out between the money-market mutual fund industry and federal regulators. Whatever the outcome, investors will question whether they can continue to rely on money funds as a safe place to keep cash readily accessible.
AP - The mortgage settlement that government officials announced Thursday is intended to help victims of foreclosure abuses that followed the housing bust.
ContributorNetwork - According to the Associated Press, Illinois Attorney General Lisa Madigan announced Illinois would receive about $1 billion in a settlement involving five of the biggest mortgage lenders. The settlement involves numerous other states, which are to receive $25 billion from Ally Financial, Bank of America, Citigroup, JPMorgan Chase and Wells Fargo.
AP - On Thursday, 49 states reached a $25 billion deal with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst.
