Homeowners with little to no equity may now have an opportunity to refinance CALABASAS, California -- Bank of America, which services one out of five mortgages in the United States, announced today that it has begun processing its first wave…

WASHINGTON As part of the Treasury Departments consumer outreach effort and with the April 15 individual tax filing deadline approaching, the Internal Revenue Service today began a concerted effort to educate taxpayers about additional options at their disposal to claim…

WASHINGTON The Internal Revenue Service seeks civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP), which listens to taxpayers, identifies key issues and makes recommendations for improving IRS service. TAP members are your friends and neighbors, walking in the…

Two Firms Falsely Claimed to be Affiliated with Non-Profit HOPE NOW Alliance At the request of the Federal Trade Commission, a U.S. district court has ordered two companies to stop falsely advertising that they are part of a government-endorsed mortgage…

The Federal Deposit Insurance Corporation issued tips to help consumers spend less, save more, protect against fraud and borrow wisely at any time, but especially during a difficult economy. The advice was published as a special edition of the FDIC…

WASHINGTON -- As part of the U.S. Commerce Departments appropriation under the American Recovery and Reinvestment Act of 2009 recently signed by President Obama, the U.S. Economic Development Administration (EDA) announced the availability of $150 million to create jobs and…

Good morning. Mr. Chairman, Ranking Member Jordan, and Members of the Subcommittee, thank you for asking me to testify before you today. As you know, I was appointed by the prior Administration. The Obama Administration asked me to remain at…

Stanford Financial Group building in Houston, Texas Have you invested in the Stanford Financial Group or its affiliated companies in recent years? If so, you may be a victim of a multi-billion dollar investment fraud. The Stanford Financial Group, which…

Washington, D.C. The Securities and Exchange Commission charged Robert Allen Stanford and three of his companies for orchestrating a fraudulent, multi-billion dollar investment scheme centering on an $8 billion CD program. Stanfords companies include Antiguan-based Stanford International Bank (SIB), Houston-based…

The Federal Deposit Insurance Corporation (FDIC) announced the conclusion of the sale of $1.45 billion of performing and nonperforming residential and commercial construction loans in distressed markets through the use of two private/public partnership transactions. These structured sales utilize the…

WASHINGTON Taxpayers who qualify for the first-time homebuyer credit and purchase a home this year before Dec. 1 have a special option available for claiming the tax credit either on their 2008 tax returns due April 15 or on their…

NEW YORK and LONDON -- Fresh optimism over Chinas growth prospects has led to a marked improvement in economic sentiment globally, according to the Merrill Lynch Survey of Fund Managers for February. Investors are at their most hopeful about the…