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ABC News: Money
When Anne Sessions, 85, of Lane County, Ore., fell behind in her credit card payments, she said an aggressive debt collector harrassed her to the point of calling the police with a phony claim she threated to commit suicide, costing her $1,055 in medical bills. Now she is suing for $250,000 over the incident which led to an involuntary hospital visit.
Sessions fell behind on her credit card payments in 2010 after making regular payments for years due to unanticipated financial setbacks, potentially facing foreclosure. As she survived on a fixed income from social security and a "very modest" pension, she was strapped.
Arthur Livingston, 39, a Bank of America customer, says the company has been reporting him as deceased to all major credit agencies since May 2009.
Attorneys for the biological children of the Florida multi-millionaire who adopted his adult girlfriend have asked a judge to throw out what many consider to be a sham adoption enacted so the man can keep his money as he faces a $100 million lawsuit.
Valentine's Day is fast approaching. Do you know what you're going to give your sweetie? Kate Dimmock, Style Director of People Style Watch magazine, picked our her favorite gifts for everyone on your list on "Good Morning America."
The U.S. Consumer Product Safety Commission and Health Canada announced a recall of more than 1 million Tassimo Single-Cup Brewers after more than 100 reports of the brewers spraying hot liquid and burning users. According to the CPSC, about 835,000 brewers in the U.S. and 900,000 in Canada are...
While the $25 billion foreclosure settlement announced on Thursday is a landmark multi-state deal, it is just a "drop in the bucket" that will help residents of some states more than others, housing advocates say.
The five biggest mortgage servicers, JPMorgan Chase, Citi, Ally Financial, Wells Fargo and Bank of America, have settled, but more could potentially join later. Under the deal, signed by 49 state attorneys general, 750,000 people could receive checks under the plan, and another 1 million could see the size of the mortgage reduced.
Say goodbye to capturing Kodak moments. On the heels of its Chapter 11 bankruptcy filing, Eastman Kodak Company announced on Thursday it will stop making digital cameras during the first half of this year to focus on more profitable areas of the company. In a...
Government officials announced a record $25 billion settlement with the five biggest banks related to foreclosure abuses including "robo-signing" of documents.
Shares of deal site Groupon plunged this morning after the firm reported another quarterly loss when analysts had expected a profit. Groupon, which first sold shares to the public Nov. 4 at $20 each, said after the markets closed Wednesday that the fourth-quarter loss was 2 cents...
Get ready to start paying higher taxes—$3,900 to $8,000 more a year on average. Unless Congress acts, some 30 million Americans will have to pay the dreaded Alternative Minimum Tax (AMT), whose rates, depending on your income, are either 26 percent or 28 percent.
Settlement between states and mortgage lenders gives money back to borrowers.
Matt Nesto explains how jobless claims, other factors affect world markets.
Fellow shoppers in Miami store outraged over reputed hoarding of merchandise.
The Dunnings from Davis, Calif., try to go one month without spending money.
Ellen Braitman analyzes the morning business headlines.
Soaring wholesale prices of pecans have thieves targeting nut farmers.
Andrea Smith shares high tech gadgets for her.
Cali Carlin analyzes the morning's business headlines.
Alix Steel analyzes the morning business headlines.
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