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Koreans Sue Apple iPhone over Invasion of Privacy Violations

A group of approximately 27,000 South Koreans suing with Apple, for £ 15.8 million for what they claim is a violation of privacy from the collection of information about the iPhone’s location.

Every man in a suit seeking one million won (£ 568) as compensation, Kim Sok Heng, one of their attorneys announced today.

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HSBC Heads For $11 Billion Profit As Revamp Takes Shape

HSBC Holdings Plc (HSBA.L: Quote, Profile, Research, Stock Buzz) should unveil a half-year profit of near $11 billion on Monday, flat from a year earlier as weak investment bank trading and wobbly U.S. and European economies offset growth in Asia.

New HSBC CEO Stuart Gulliver is overhauling Europe’s biggest bank by slashing costs by up […]

Bank Of America Hit With New Countrywide Lawsuit

(AP) NEW YORK — Bank of America Corp. is facing a new lawsuit filed by a group of shareholders of mortgage giant Countrywide Financial Corp., which the bank bought in 2008.

The group of investors, which include BlackRock funds, T. Rowe Price Group Inc., TIAA-CREF and several pension funds including the California Public Employees’ Retirement […]

Curtis Arnold: 10 Worst States for Credit

If one member of a community has bad credit, that’s a personal problem. If enough people in that community have bad credit, it can quickly become a problem for everyone in the area.

Read more: Credit Scores, Credit Card Delinquency, Foreclosure, Bankruptcy, Unemployment Rate, Best Credit Cards, Credit Health, Bad Credit States, Business News

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Husband And Wife Charged With Murder In Disappearance Of North Carolina Mother

Authorities in North Carolina have arrested two people in connection with the death of a 27-year-old woman who was reported missing earlier this month…

Read more: Grant Ruffin Hayes, Video, Homicide, Crime, Crime News, Amanda Perry Hayes, Laura Jean Ackerson, Missing Persons, Crime News

Banks Increasingly Use Payday Loans Despite Crackdown On Predatory Lending

Two years after the recession officially ended and one year after the creation of a landmark financial law meant to prevent another financial crisis, …

Read more: Interest Rates, Payday Lending, Predatory Lending, Social Security, Payday Lenders, Lending, Consumer Financial Protection Bureau, Wells Fargo, Loans, Center for Responsible Lending, Banks, Payday Loans, Checking Account Advance, […]

Richard Zombeck: Money Held Hostage by Eastern Bank of Massachusetts

We live under the unfortunate false assumption that the money we make and put in the bank is ours. That we can access it at any time and that we have a right to it. After all this is America.

Read more: PNC Bank, Easter Bank, Bank of America, Banks, Foreign Exchange, Credit Unions, […]

6 BIG Things Your Lawyer Won’t Tell You… Must Read!

1. “I don’t necessarily know that much about the law.”

Ask an attorney about anything outside his niche, and odds are he won’t know much. Teacher Marie Karim learned that when she decided to sue the New York City hospital where she had developed an infection and a hernia during exploratory surgery in 1999. Karim […]

Derivatives Clearinghouses Are Ruled By Secretive, Elite Group Of Bankers

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.

The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a […]

Bank Of America Lifts Foreclosure Freeze

Bank of America lifted its national foreclosure freeze this week and began taking back some 16,000 properties, starting with homes that were either vacant or did not have owners living in them.

The bank, which is the largest financial institution in the U.S., declared a national freeze on foreclosure sales in October, after it acknowledged […]