Government Information

Earl Gregg Swem Library

Five Major Banks Agree to Parent-Level Guilty Pleas

Categories: Crime/Justice,Financial Crisis/Markets,Govt/Business Scandals

http://www.justice.gov/opa/pr/five-major-banks-agree-parent-level-guilty-pleas

Press release on guilty pleas to felony charges by five large banks for illegally manipulating interest and exchange rates.  From the Justice Department

 

Tibble v. Edison International

Categories: Financial Crisis/Markets,Headlines,Labor/Employment,Supreme Court/courts

https://www.law.cornell.edu/supremecourt/text/13-550

Unanimous Supreme Court decision that agreed with employees of a utility company that their employer had failed to act in their best interests by offering mutual funds with higher fees than others that were also available but not offered by the company plan.  From the Legal Information Institute of the Cornell University Law School

 

Fair Lending Report of the Consumer Financial Protection Bureau

Categories: Consumer Info/Protection,Financial Crisis/Markets

http://files.consumerfinance.gov/f/201504_cfpb_fair_lending_report.pdf

Describes efforts by the Bureau over 2014 to protect consumers from credit discrimination and broaden access to credit.  Claims $224 million in remediation to 303,000 consumers.  From the Consumer Financial Protection Bureau

 

National Senior Investment Initiative

Categories: Advertising/Marketing,Consumer Info/Protection,Elderly,Financial Crisis/Markets

http://www.sec.gov/ocie/reportspubs/sec-finra-national-senior-investor-initiative-report.pdf

Focuses on the types of securities purchased by senior investors, the suitability of recommended investments, the training of brokerage representatives, marketing and other aspects of how investment firms deal with seniors.  From the Securities and Exchange Commission

 

The Impact of Foreclosures on Neighborhood Crime

Categories: Crime/Justice,Financial Crisis/Markets,Housing/Homelessness

https://www.ncjrs.gov/pdffiles1/nij/grants/248653.pdf

Examines whether and how elevated foreclosures affect different types of crime in the surrounding area by looking at five cities across the U.S.   From the National Criminal Justice Reference Service

 

Consumers and Mobile Financial Services 2015

Categories: Financial Crisis/Markets,Telecommunications/Internet

http://www.federalreserve.gov/econresdata/consumers-and-mobile-financial-services-report-201503.pdf

Examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how mobile financial services affect consumers’ interaction with financial institutions.  From the Federal Reserve

 

U. S. Net International Investment Position: End of the Fourth Quarter and Year 2014

Categories: Business/Economics,Financial Crisis/Markets,Foreign Trade/Investment,Statistics

http://www.bea.gov/newsreleases/international/intinv/2015/pdf/intinv414.pdf

U.S. net international investment position was -6,915.3 billion as the value of U.S. liabilities exceeded the value of U.S. assets.   Table shows detailed breakdown by type of investment.  From the Bureau of Economic Analysis

 

CFPB Considers Proposal to End Payday Debt Traps

Categories: Consumer Info/Protection,Financial Crisis/Markets,Laws/Regulations

http://www.consumerfinance.gov/newsroom/cfpb-considers-proposal-to-end-payday-debt-traps/

Agency press release about plans to develop regulations that protect consumers against predatory lending practices.  From the Consumer Financial Protection Bureau

 

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