News Topic: life insurance
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Fintech opens a new market for banks: lending against life insurance
Plan for Fannie, Freddie; Fed likely to go easy on rate cut
The mortgage agencies would be privatized under Trump administration plan; central bank will probably cut rates by 25 bps, not 50 bps, at its next meeting. ... Read full article
Wells Fargo to pay state regulators $575M over phony accounts, other scandals
The cost of Wells Fargo's scandals continues to rise as regulators from all 50 states forced the institution to pay hundreds of millions in penalties for the creation of fake accounts, improper enrollment in life insurance, force-placed auto insurance ... Read full article
Feds probe commercial mortgage fraud; Banks rail against Volcker 2.0
The FBI and DOJ are looking into what could be one of the largest mortgage frauds since the financial crisis; lawyers for the banks met with the Fed last week. ... Read full article
Massachusetts Protections of Cash Value Life Insurance
The Massachusetts laws protecting cash value life insurance might as well be written in Middle English. They simply cannot be understood by any except the most persistent of us. Lucky for us, some recent court decisions help us find our way. ... Read full article