A new state fiscal watchgroup met for the first time Thursday in Annapolis. The meeting came only days after the U.S. Senate voted to repeal a rule that would have made it easier for consumers to sue financial institutions.
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Maryland fiscal panel braces for federal deregulation
A Maryland fiscal watchdog group, in its first meeting Thursday, said the state is bracing for the effects of federal financial deregulation, two days after the U.S. Senate voted to repeal a rule that would have made it easier for consumers to bring class-action lawsuits against financial institutions.
Major Banks Spend Millions to Help Maryland Homeowners Under Mortgage Settlement
Banks spent $224 million in mortgage relief for Marylanders but advocates complain that there haven’t been enough modifications that would allow people to keep their homes.
Maryland Joins Settlement to Win $1 Billion for Struggling Homeowners
Attorney General Doug Gansler announced that struggling Maryland homeowners will receive almost $1 billion in financial compensation from five big banks as part of a national foreclosure settlement.