Bank Fees Rise as Lenders Try to Offset Losses
Despite the tough economic times and increased scrutiny from lawmakers, banks are keeping most fees at record highs, and are making slight increases on others like overdraft charges — a step they rarely took during past recessions… Read More

Beazer Homes Reaches Deal on Fraud Charge
Federal prosecutors filed criminal conspiracy charges yesterday against Beazer Homes USA and reached a deal that allows it to clear its record after it pays millions of dollars to compensate borrowers who were defrauded by its former mortgage arm… Read More

FTC Issues Advisory Opinion on Debt Collector Communications
The Federal Trade Commission (FTC) recently released an advisory opinion to ACA International clarifying a conflict between the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA)… Read More

GM Says Approval of Restructuring Is Urgent
General Motors mounted a final push yesterday for its historic restructuring plan, arguing before Bankruptcy Judge Robert Gerber that the U.S. government would cut off funding unless it won quick approval for its turnaround proposal… Read More

Lear to File Bankruptcy after Lenders Agree to Terms
Lear Corp., the world's second-largest maker of automotive seats, plans to file for chapter 11 protection after reaching an agreement with representatives of secured lenders and bondholders… Read More