Money

Judge In Citigroup Case Has Bucked Trend Of Rubber Stamping SEC Settlements

From The Center for Public Integrity: There are 41 federal judges in the Southern District of New York, the jurisdiction where the Securities and Exchange Commission sued Citigroup for knowingly selling toxic mortgage securities to clients.

ANALYSIS: Are Insurers Influencing Health Reform’s Rules Behind Closed Doors?

From The Center for Public Integrity: The Obama Administration will be making some important decisions over the coming weeks that will determine to a large extent whether consumers or health insurers will be the biggest beneficiaries of health care reform.

IRS Seeks To Return $153 Million In Undelivered Refund Checks

WASHINGTON, D.C. — In an annual reminder to taxpayers, the Internal Revenue Service announced today that it is looking to return $153.3 million in undelivered tax refund checks. In all, 99,123 taxpayers are due refund checks this year that could not be delivered because of mailing address errors.

Poll: 35% Expect To Spend Less For Holidays

UTICA, N.Y.–An early binge of holiday gift shopping may not continue, as 35 percent of U.S. adults expect to spend less this year than in other years according to IBOPE Zogby interactive poll. Meanwhile one-half say their spending will be about the same as other years and just 7 percent expect to spend more.

Whistleblowers Ignored, Punished By Lenders, Dozens Of Former Employees Say

From The Center for Public Integrity: Darcy Parmer ran into trouble soon after she started her job as a fraud analyst at Wells Fargo Bank. Her bosses, she later claimed, were upset that she was, well, finding fraud.

Underwriter Uncovered Three Frauds In One Loan, Suit Claims

From The Center for Public Integrity: In April 2006, Rachel Steinmetz, a senior loan underwriter at GreenPoint Mortgage Funding, flagged a loan application supported, she said, by a trio of frauds — overstated income, an overstated appraisal and a fake tenant lease agreement.

ANALYSIS: The Health Care Industry’s Stranglehold On Congress

From The Center for Public Integrity: One of the reasons why Congress has been largely unable to make the American health care system more efficient and equitable is because of the stranglehold lobbyists for special interests have on the institution.

Deadline Approaches For Mandatory IRA Withdrawals

Reaching your 70th birthday is cause for celebration. But thanks to our quirky tax code, a potentially more important milestone arrives six months later. IRS rules say that you must begin taking required minimum distributions (RMDs) from your IRAs and other tax-deferred retirement accounts beginning in the year you reach age 70 ½.