Sunday evening the U.S. Treasury Department and Federal Reserve outlined a comprehensive government plan to implement sweeping measures to shore up troubled mortgage lenders Freddie Mac and Fannie Mae. On...
The U.S. Federal Reserve on Monday unveiled long-awaited final mortgage rules to ban misleading and deceptive practices, including prepayment penalties for many subprime loans.
"The...
California-based IndyMac Bank has collapsed amid a growing credit crisis. Federal regulators seized the bank's assets, fearing it might not be able to meet withdrawals by depositors.
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The New York State Office of the Attorney General and the New York State Insurance Department are holding a joint public hearing today in Buffalo on compensation arrangements for insurance agents and...
Don Bailey, CEO of Willis North America, a subsidiary of global insurance broker Willis Group Holdings, today appeared in front of the New York Superintendent of Insurance and Attorney General at a Public...
Shareholders of ACE Ltd. have voted in favor of initial steps to redomesticate the company to Switzerland. If approved, the move will transfer the company's place of incorporation from the Cayman Islands—...
According to a new survey of financial executives, although a U.S. economic recession would not be good news overall for employers, most don't believe a recession would drive up workers' compensation...
The National Association of Mutual Insurance Companies (NAMIC) stated that action taken on Friday by state insurance legislators is in the best interests of insurance consumers and companies. At issue is...
Seeking to reassure investors after Fannie Mae and Freddie Mac slid to their lowest levels in more than 17 years, U.S. Treasury Secretary Henry Paulson said officials want to keep the firms in their...
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