life insurance

Plan for Fannie, Freddie; Fed likely to go easy on rate cut

09/06/19

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.

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Wells Fargo to pay state regulators $575M over phony accounts, other scandals

12/28/18

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 policies and other activities.

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Feds probe commercial mortgage fraud; Banks rail against Volcker 2.0

08/16/18

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.

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Massachusetts Protections of Cash Value Life Insurance

07/07/12

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. 

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