Justice Dept. Letting Bank Of America Squirm While CEO Asks For Mortgage-Related Settlement

Justice Dept. Letting Bank Of America Squirm While CEO Asks For Mortgage-Related Settlement

Bank of America has reportedly been working out a settlement deal with the Department of Justice over its mortgage-related misdeeds. Last week, the arrangement was for a rumored $12 billion at least. But the negotiations stalled out, and the two parties haven’t talked in a week or more. Apparently, the bank is blinking first, and trying to get the Attorney General back to the table. [More]

Child Protection Advocacy Group Rejects Facebook Privacy Lawsuit Settlement, Asks Court To Reconsider

Child Protection Advocacy Group Rejects Facebook Privacy Lawsuit Settlement, Asks Court To Reconsider

Facebook is notorious at this stage for playing fast and loose with users’ privacy. In 2013, the social sharing behemoth faced and settled a class-action lawsuit regarding its privacy practices. Today, one of the advocacy groups awarded a share of the settlement has reversed their stance, refused the payment, and is asking the court to reconsider the deal. [More]