The US Bankruptcy Court for the Eastern District of Michigan approved a plan on Friday to resolve Detroit's seven billion dollars of debt and return the city to solvency. The plan includes settlements regarding post-employment benefits claims, tax obligations, insurance, and "the Grand Bargain" ...[read more]
An independent UN human rights expert on Tuesday urged Israel to prevent settlers from taking over a building in the West Bank city of Hebron. The Al-Rajabi House is a four-story building capable of housing 40 families, and is strategically located between the illegal Israel settlement of Kiryat ...[read more]
Amnesty International (AI) released a report Tuesday detailing the chronic prevalence of hate crimes and discrimination perpetrated against the Roma diaspora in Europe. The "briefing," released on International Roma Day, urges European leaders to "commit, visibly and wholeheartedly, to eradicating ...[read more]
The Oil Pollution Act of 1990 passed both houses of Congress by large margins and was signed into law by President George H.W. Bush in response to the Exxon Valdez spill in Prince William Sound, Alaska. It mandates detailed clean-up plans from oil companies and requires monies to be set aside for ...[read more]
On April 20, 2010, an explosion of high pressure methane gas sank British Petroleum (BP)'s Deepwater Horizon drilling rig, causing a leak that became one of the largest oil spills in history. The leak continued until the well was officially sealed on September 21, 2010 and released an estimated ...[read more]
JPMorgan Chase & Co. Settlements with the US Department of Justice
The US Department of Justice announced on November 19, 2013 that JPMorgan Chase & Co. had agreed to a record-setting $13 billion settlement over its risky mortgage practices that played a role in the 2008 financial crisis. ...[read more]
The ongoing saga of major bank settlements with the Department of Justice, Fannie Mae and Freddie Mac is mostly the result of the economic crisis of 2007-2008. Prior to this time, Bank of America and JPMorgan Chase & Co. sold billions of dollars in mortgage loans and mortgage securities to ...[read more]
The 2008 financial crisis cost investors, consumers and businesses alike. Sub-prime lending practices devolved into a riskier regime from their time of inception to address disproportionate ratios in racial borrowing power in the 1980s to the housing bubble of the early 2000s. The bubble was ...[read more]
Israeli rights groups on Sunday asked the Supreme Court to overturn the 2011 law that prevents Israelis from calling for a boycott of Jewish settlements in the West Bank, claiming that it violates the right to free speech. Although there is no precedent for it as of yet, the law makes a boycott ...[read more]
02/10/2014: Better Markets sued DOJ over JP Morgan settlement.
02/04/2014: JP Morgan Chase paid 614 million in mortgage lending settlement.
01/31/2014: New York judge approved Bank of America settlement over mortgage-backed securities.
10/25/2013: US government reached 51 billion settlement ...[read more]