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Crackdown on For-Profit Loan Mod Firms

Six months ago, we highlighted a Washington Post story examining firms that charge struggling homeowners for help modifying their mortgages. Counselors and advocates say a borrower facing foreclosure should never have to pay for help, but those running the firms (which tend to be small) told the Post that they were providing a valuable service […]

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Justice Department Targets BP Over Massive 2006 Oil Spill

The Justice Department recently filed a civil suit against BP’s Alaska unit over two massive oil spills in Prudhoe Bay three years ago. One of the spills forced BP to shut down it’s oil processing centers in the region for five days which led to price spikes during a period of tight crude oil supplies. […]

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New PBS Investigation Takes Viewers Inside The Financial Collapse

“Breaking the Bank” is a documentary that will be first broadcast tonight on some PBS stations. This is Michael Kirk’s most provocative and insightful work so far in which viewers get a chance to understand the underlying forces of the recent financial collapse. It is focused on the controversial purchase of Merrill Lynch by Bank […]

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Cell Phone Companies Defend Price Hikes On Text Messaging

Cell phone giants denied any conspiracy to purposely raise text message charges at a Senate Judiciary Committee hearing on Tuesday. NEWS JUNKIE reported on Monday that today’s hearing would seek answers from the cell phone companies on why text messaging prices have gone from costing one-cent to as much as 25-cents in just five years […]

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Cell Phone Execs Will Face Questions On Text Messaging Price Hikes

Those cell phone companies will have a lot of explaining to do Tuesday when they testify at a U.S. Senate committee hearing on rising text messaging costs. Representatives from Verizon, AT&T, and Cricket will be faced with questions on why those short 160 character SMS messages are costing the consumer too much. Last September, U.S. […]

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