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Six former employees and one contractor say Bank of America's mortgage servicing unit consistently lied to homeowners, fraudulently denied loan modifications and offered bonuses to staff for intentionally pushing people into foreclosure, according to a Salon.com report.
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An ex-con lends money to people in need; a group of friends creates a savings club. Even without banks, people often figure out how to get the money they need, when they need it.
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The Consumer Financial Protection Bureau reports those who opt in to the service rack up more costs and are more likely to have their accounts closed.
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The illicit computer program reportedly infected five million computers worldwide, stealing bank account credentials. Dozens of banking institutions were hit by the enterprise.
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Some financial experts say the fees charged by actively managed mutual funds are not worth it. Over the long haul, they could cost a retirement account tens of thousands of dollars. So NPR's Uri Berliner explores funds that have minimal expenses.
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In Myanmar — a country that's been cut off from the world for decades — it's still a surprise when money pops out of the ATM. That may soon change.
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Prosecutors called the website the "PayPal for criminals," saying it allowed users to transfer money without leaving a trace.
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Irish banking officials should have known there were problems with the controversial 10-euro coin commemorating James Joyce, according to Ireland's RTE °µºÚ±¬ÁÏ. The coin misquotes the author's Ulysses, and bears an image of Joyce that his estate did not approve.
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Some shareholders said splitting the roles would lead to better governance. The proposal received only 32 percent of the vote.
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In Tampa, Fla., Tuesday, JPMorgan Chase holds its annual shareholder meeting. They will vote on a key measure: Whether to strip CEO Jamie Dimon of his title of chairman of the board. A growing number of companies have split the CEO and chairman roles.