Big banks accused of interest rate-swap fixing in U.S. class action suit

Big banks accused of interest rate-swap fixing in U.S. class action suitThe class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs Group (GS.N), Bank of America Merrill Lynch (BAC.N), JPMorgan Chase(JPM.N), Citigroup(C.N), Credit Suisse Group (CSGN.VX), Barclays Plc (BARC.L), BNP Paribas SA (BNPP.PA), UBS (UBSG.VX), Deutsche Bank AG (DBKGn.DE), and the Royal Bank of Scotland (RBS.L) of colluding to prevent the trading of interest rate swaps on electronic exchanges, like the ones on which stocks are traded.

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Metro counties sue Bank of America for ‘hundreds of millions’

Metro Atlanta counties sue Bank of America for alleged mortgage aThree metro Atlanta counties claim in a lawsuit that Bank of America and related companies resorted to abusive mortgage lending practices that targeted black and Latino homeowners. They seek “hundreds of millions of dollars” in damages to offset lost tax revenue and other public costs they claim stemmed from the practices.

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Protest over home foreclosures crowded the streets of downtown Fresno

Protest over home foreclosures crowded the streets of downtown FresnoHundreds of people who’ve lost their homes to foreclosure crowded the streets of downtown Fresno Tuesday afternoon. They’re fighting the banks who took their homes, claiming it wasn’t always on the up and up. The huge crowd started to disappear as the rain started, but not before they were told their lawsuit took a big step forward.

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US court blocks release of memos justifying targeted drone killings of American citizens abroad

US court blocks release of memos justifying targeted drone killings of American citizens abroadThe controversial subject of US targeted drone killings came up again, as an appeals court blocked the initiative to disclose documents that tackle the legality of using unmanned vehicles to kill American terror suspects abroad.

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Man suing police ‘armed to the teeth’ for using SWAT tactics during a ‘welfare check’

Man suing police ‘armed to the teeth’ for using SWAT tactics during a ‘welfare check’It started out as a “welfare check,” but even without a warrant or probable cause, the police encounter transformed into a full scale SWAT-style raid. That is just part of the ordeal for which one man is suing the Albemarle County Police.

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Federal judge lays out strict rules for ‘Stingray’ surveillance warrants

Too powerful and invasive: Federal judge lays out strict rules for ‘Stingray’ surveillance warrantsCiting privacy concerns, an Illinois judge has issued requirements that federal law enforcement working with local police must follow when applying for a warrant to use cell-site simulators, also known as ‘Stingrays,’ during an investigation.

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Georgia Files Federal Fair Housing Act Lawsuit Against Bank of America for Discriminatory Mortgage Lending

Cobb County, DeKalb County, and Fulton County, Georgia File Federal Fair Housing Act Lawsuit Against Bank of America Corp., Bank of America, N.A., Countrywide Financial Corp., Countywide Bank, FSB, and Merrill Lynch & Co. for Discriminatory Mortgage Lendi | news.sys-con.comATLANTA, Nov. 23, 2015 /PRNewswire/ — Cobb County, DeKalb County, and Fulton County, Georgia, filed a lawsuit against Bank of America Corporation, Bank of America, N.A., Countrywide Financial Corporation, Countywide Bank, FSB, and Merrill Lynch & Co seeking damages and injunctive relief for violations of the federal Fair Housing Act (“FHA”).

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Bank of America Pays More Than Anyone as Wall Street’s Legal Tab Tops $219 Billion

Bank of America Pays More Than Anyone as Wall Street’s Legal Tab Tops $219 BillionJPMorgan Chase , and 13 other global banks have spent at least $219 billion to cover legal costs since 2008, a new report from Moody’s Investors Service shows, in a tally of the staggering costs to investors of regulatory and criminal probes into market-rigging, money laundering and improper mortgage-bond sales.

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EU plans crackdown on Bitcoin and other anonymous online payment methods after Paris

EU against Bitcoin payments after Paris attacksA week after the attacks in Paris, home affairs ministers from European Union countries are due to gather in Brussels on Friday 20th November for a crisis meeting to discuss methods of strengthening the region’s response to terrorism. One crucial item on the agenda is a planned crackdown on virtual currencies and anonymous payments made online and through pre-paid cards.

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Judge allows breach claims in lawsuit over mortgage relief

Judge allows breach claims in lawsuit over mortgage reliefIn a decision issued last week, U.S. District Judge Gerald Pappert preserved those claims in rejecting the mortgage servicers’ motion to dismiss the entirety of a proposed class action. He did throw out claims for unjust enrichment, breach of good faith and violations of the Fair Debt Collection Practices Act (FDCPA).

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The Elite Plan for a New World Social Order

Prognosis 2012 – The Elite Plan for a New World Social OrderPrognosis 2012 The Elite Plan for a New World Social Order 26 February 2010 by Richard K. Moore When the Industrial Revolution began in Britain, in the late 1700s, there was lots of money to be made by investing in factories and mills, by opening up new markets, and by gaining control of sources of raw materials.

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America Disregarded 4,000 Years of Bankruptcy History In Responding to the Great Recession

America Disregarded 4,000 Years of History In Responding to the Great RecessionWe’ve known for over 4,000 years that debts need to be periodically written down, or the entire economy will collapse. After all, debt grows exponentially … while economies only grow in an s-curve. The ancient Sumerians and Babylonians, the early Jews and Christians, the Founding Fathers of the United States and others throughout history knew that private debts had to be periodically forgiven.

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Tor Project accuses FBI of paying university to ‘deanonymize’ users without warrant

Tor Project accuses FBI of paying university to ‘deanonymize’ users without warrantTor Project, the world’s largest anonymous online network, claims the FBI illegally paid security researchers at a leading university $1 million to unveil the identities of the site’s users, based on court documents in a Silk Road 2.0 trial.

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Smoking weed is now a human right in Mexico

Smoking weed is now a human right in MexicoIs smoking weed a human right? Days after voters in the US state of Ohio rejected a proposal to legalise cannabis for recreational use, Mexico has ruled that smoking pot is a fundamental human right. The Mexican Supreme Court ruled by 4 to 1 that banning the consumption and cultivation of cannabis for personal use violates the human right to free development of one’s personality.

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Misconduct bill tops $235 bln as banks struggle to shake off past sins

Misconduct bill tops $235 bln as banks struggle to shake off past sinsCritics say work still needed to change culture By Steve Slater LONDON, May 22 Twenty of the world’s biggest banks have paid more than $235 billion in fines and compensation in the last seven years for a litany of misdeeds that has scarred the industry and is delaying its rehabilitation.

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