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Big Banks Agree To Pay $8.5 Billion To Homeowners After Foreclosure Abuse

Ten of the nation's major banks, such as Bank of America and Citibank, have agreed to pay $8.5 billion after an investigation into the abuse of homeowners during foreclosures on mortgages during the recent housing crisis. According to the Fed, $3.3 billion of the settlement will be direct payments to eligible borrowers and $5.2 billion will go toward other assistance, such as loan modifications and forgiveness of deficiency judgments.

Recent Posts
Young Millennials Spur Capitalism with a Conscience

It's capitalism with a conscience. Nordstrom recently opened a test store where all profits go to charity. Starbucks has three coffee shops where a big chunk of the money made helps the needy. In the past few years, dozens of America's biggest brands have embraced social generosity.

Toys R Us Launches "Be A Hero For Autism" Fundraising Campaign

ToysRUs yesterday announced the launch of its nine-week in-store fundraising campaign to benefit Autism Speaks, North America's largest autism science and advocacy organization.The company will collect donations in its stores through April 30 and provide a $400,000 grant to kick off its fifth annual campaign.

Coffee Shop's Incredible Response To Neighborhood Robberies

Where a string of robberies in local shops might have made Lexington, Kentucky a more sad place, one coffee shop has conjured up a few pay-it-forward Christmas miracles. After thieves broke into A Cup of Common Wealth, the coffee shop's owners were blown away by the outpouring of love and support. Reports of additional robberies inspired the owners to rally the community, and give a free beverage to whoever spends money in those affected businesses. They also started a Community Christmas Tree that is spreading gifts to any in need -- even the burglars.

GM Teams Up With Hawaii to Push Hydrogen Cars

With the new Hawaii Hydrogen Initiative, that state may be the first in the US to successfully build a fueling infrastructure that will support thousands of hydrogen fuel cell cars. expected to come on the market in 2015.

Surprise! U.S. Economy Improving Better Than Anyone Expected

The economy is improving more than professional forecasters anticipated. It isn't only the federal government's Bureau of Labor Statistics that is issuing surprisingly good news about the U.S. economy these days… It's also auto dealers, real estate agents, the Federal Reserve and corporate America's 96-year-old Conference Board.

Trees For Life, Planting Peace in Palestine

The Olive Co-operative has launched an initiative that offers the public an opportunity to sponsor the planting of olive trees in Palestine. The new trees will offset the destruction wrought by years of conflict in the area when 500,000 olive trees have been destroyed

Good Jobs Report Boosts US Economy

The overall unemployment rate ticked down last month. But the real good news is the past upward revisions showing the economy added more than 350,000 private sector jobs over the past three months. Other positive economic reports also came out for the U.S. this week.

Reopening of Maine Paper Mill Stirs Hope

Gloom is giving way to a glow of optimism in two northern Maine towns as a pair of paper mills, once the lifeblood of industry there, is back, and a closely related new industry knocks on the door.

U.S. Health Care: The Good News - A New PBS Documentary

You don't often find the words health care and good news in the same sentence, but in a new Public Television documentary, we learn that while groups on all sides argue the merits and limitations of reform initiatives, a few American communities are already getting the job done. Correspondent T.R. Reid reports they are accomplishing what few have been able to do – deliver quality care for reasonable cost, and in some cases cover just about everybody in town.