Illinois Senator Dick Durbin has called for consumers to leave Bank of America as a result of its new $5 monthly fee. The fee comes as a result of a financial reform law Durbin helped to craft which lowered the interchange fees that banks could charge merchants. [Read more…]
The Seattle Times has a report on the Seattle Mariners key minority owner Chris Larson and his mounting debt. Court papers in his divorce show that Larson, a minority owner holding over 30% of the baseball team, lived a lavish lifestyle but the recent downturn in the economy has hurt his finances. [Read more…]
In the coming days I will be providing some interesting information about bankruptcy, debt relief and tidbits in litigation. Hope you return.