Real U.S. Economy News Blog

Economic news for the U.S. that the major media does not cover. One must stay informed in todays turbulent U.S. economic times. " There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved." - Ludwig von Mises

Monday, April 14, 2014

Banksters settling with regulators.

Banksters ripping off the public, settling with regulators for nothing.......and nobody goes to jail again.

Bank to pay $800 mln for credit card practices
NEW YORK (MarketWatch) – Bank of America Corp. BAC +0.12% has reached a settlement agreement for $800 million over its credit card practices with U.S. regulators, reports The Wall Street Journal. The bank is expected to settle with the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency over allegations it pushed customers to sign-up for extra credit-card products. The settlement is expected to be announced on Wednesday and marks the five settlement over credit card practices with a major bank. Last year, the CFPB settled on similar allegations with American Express Co.

Real U.S. Economy News Blog

Monday, April 14, 2014

Banksters settling with regulators.

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