Giant Chinese Commercial Firm Fights Bankruptcy
China’s Evergrande says it’s asking a U.S. court to approve a debt plan – not filing for bankruptcy – as it faces possible default on $340B in debt.
Citizens Ins. Has to Recalculate Rate Increases
The state-owned insurer requested a maximum 12% hike for most residential policies and must go lower. But a condo association hike was approved at 9.2%.
CFPB Penalizes Lender and Broker for Kickbacks
The consumer bureau says Freedom Mortgage gave Long Island brokers and agents “illegal incentives” under RESPA, including cash, subscriptions and parties.
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