More than five years after the housing market collapsed, the U.S. government’s newly created consumer watchdog said Thursday it will force banks to verify a borrower’s ability to repay loans to ward off the kind of loose lending that helped push the U.S. economy into recession. The Consumer Financial Protection […]
Tag: US Government
AIG may join bailout lawsuit against U.S. government
American International Group Inc , the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totalled $182 billion, may now join a lawsuit against the government alleging the terms of the deal were unfair, the company said on Tuesday. The news prompted a swift reaction from […]
SEC might take action against SAC Capital Advisors
The U.S. government has told hedge fund titan Steven A. Cohen’s SAC Capital Advisors that it is likely to face civil charges over alleged insider trading at the $14 billion firm, a source familiar with the matter said on Wednesday. The Securities and Exchange Commission issued a so-called Wells notice […]
