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California ordered to immediately return subprime crisis money 'unlawfully diverted' to general fund

By John Breslin | Jul 25, 2018

SACRAMENTO, Calif. (Legal Newsline) – California must immediately return more than $300 million transferred to the state's general fund from its share of billions of dollars paid by the country's largest mortgage services companies for their alleged roles in the subprime mess.

U.S. secures additional $4.5 million for service members affected by alleged Wells Fargo violations

By Mark Iandolo | Nov 21, 2017

WASHINGTON (Legal Newsline) — The U.S. Department of Justice announced Nov. 14 that more than 860 service members will be entitled to an additional $5.4 million in relief after allegations of unlawful vehicle repossessions by Wells Fargo Bank NA.

Arbitration ban would boost credit costs 25 percent, federal analysis finds

By Michael Carroll | Oct 4, 2017

A rule banning mandatory arbitration in consumer financial agreements would raise the cost of consumer credit by nearly 3.5 percent annually, a newly released federal analysis says.

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