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Archive for » February, 2006 «

A LAW student paid £5,000 by Abbey National after he accused the bank of “excessive” charges yesterday made legal claims against EIGHT others.

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On February 15, 2006, HSBC expands its membership of the Nordic Exchange to
include Copenhagen and Helsinki in addition to Stockholm. HSBC will have access
to the three Nordic equity markets within OMX, namely on the Copenhagen,
Stockholm and Helsinki exchanges.

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Kurt Eggert, a Chapman University Law School professor who has analyzed sub-prime loan collection abuses for the Fannie Mae Foundation, said unscrupulous loan servicers exploit the fact that borrowers in this market are expected to have financial problems and miss mortgage payments.

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Customers of H and R Block’s rapid refund program said their banks would not cash their refund anticipation checks. - see more -

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Wall Street company Bear Stearns & Co. disclosed last month that its loan-servicing company, EMC Mortgage Corp., which collects bills and buys loans from sub-prime lenders, had handed over documents to the FTC. In a regulatory filing, Bear Stearns said the FTC was investigating “various unnamed sub-prime lenders, loan servicers and loan brokers” for possible violations of consumer-protection laws.

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