MLM Counties News. Notices. Need-to-know Information.

Higher fines and jail time are being considered by U.S. lawmakers who grilled General Motors Co. Chief Executive Officer Mary Barra over why it took years to recall 2.6 million cars for faulty ignition switches.

Tagged with: General Motors Corp.

A divided U.S. Supreme Court struck down decades-old limits on the total money donors can give to federal candidates and parties, issuing its biggest campaign-finance ruling since the 2010 Citizens United decision.

Tagged with: Citizens United U.S. Supreme Court

Federal agents are investigating whether high-frequency trading firms violate U.S. laws by acting on nonpublic information to gain an edge over competitors.

After sitting on the sidelines for years, many multifamily housing investors are getting back in the game.

Bank of America Corp. should face U.S. Securities and Exchange Commission claims over $855 million in mortgage-backed securities, said a judge who last week advised that a Justice Department complaint over the same securities should be thrown out.

Tagged with: Bank of America Securities and Exchange Commission

The damage inflicted on U.S. households by the collapse of the housing market and recession wasn’t evenly distributed. Young families were more exposed to the real-estate slump because homes represented a larger share of their wealth before the crisis, much of it financed with debt.

Bank of America Corp. should win dismissal of a U.S. Justice Department lawsuit accusing it of misleading investors about the quality of loans tied to $850 million in mortgage-backed securities, a judge said.

Former Dewey & LeBoeuf finance director Frank Canellas cooperated with a probe by Manhattan District Attorney Cyrus R. Vance Jr. into a “blatant” $200 million fraud that spurred the largest law firm bankruptcy in history, according to a plea agreement unsealed Thursday.

Fannie Mae and Freddie Mac, the mortgage-finance giants operating under U.S. conservatorship, would be unwound and replaced by a lender-owned securities issuer under a proposal from Rep. Maxine Waters.

Tagged with: Fannie Mae Freddie Mac

Citigroup Inc.’s capital plan was among five that failed Federal Reserve stress tests, while Bank of America Corp. won approval for its first dividend increase since the financial crisis.

Tagged with: Citigroup

The Federal Reserve is about to find out how well the mortgage-bond market can stand on its own.

Tagged with: Federal Reserve