Debit card fee fight returns to Congress

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Visa and banks will press lawmakers on Thursday for relief from a proposed slashing of debit card processing fees, an issue that has attracted bipartisan support for softening the impact of part of the Dodd-Frank financial law.
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NYC bank tax revenue shoots up 48 percent: source

New York City's bank tax collections ran 48 percent above a year-ago, one of several taxes whose encouraging performance might give Mayor Michael Bloomberg some extra cash to spend in next year's budget.
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Daniel Patrick Boyd is escorted into the Wake County Public Safety Center after appearing at a detention hearing at the Terry Sanford Federal Building and Courthouse in Raleigh North Carolina August 4, 2009.

North Carolina man trained in Pak pleads guilty to 'jihad' charges

Daniel Patrick Boyd, a U.S. citizen and resident of North Carolina, has pleaded guilty in a federal court to charges of conspiracy to provide material support to terrorists and conspiracy to murder, kidnap, maim, and injure persons in a foreign country, the U.S. Department of Justice (DOJ) said.
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FDIC sues Ga.-based law firm Smith Welch & Brittain for legal malpractice

The Federal Deposit Insurance Corp. (FDIC) has sued a law firm in Henry County, Georgia, and one of its partners, accusing them of professional negligence, legal malpractice and other misconduct related to multi-million dollar real estate loans that contributed to the 2009 collapse of Neighborhood Community Bank (NCB) in Newman.
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Fannie defends legal aid for former execs

The head of Fannie Mae and his firm's government overseer on Tuesday defended the use of millions of taxpayer dollars to pay legal bills for former executives accused of fraud.
A woman takes a brochure detailing how homeowners can make their mortgage payments more affordable at the Fannie Mae booth.

Fannie Mae fires Florida law firm Ben-Ezra & Katz

Fannie Mae has booted Florida-based foreclosure law firm Ben-Ezra & Katz from its retained attorney network after noticing that the firm was not handling its matters in strict compliance with proper procedures, ethical codes of conduct and legal requirements.

Lawsuit accuses Google of stealing trade secrets

NEW YORK, Feb 14 - Technology communications company VoIP Inc sued Google Inc. in New York Supreme Court on Monday, accusing the Internet giant of stealing its trade secrets related to online voice technology.
The trial of Mark A. Ciavarella Jr highlights the dangerous gap in the juvenile justice systems of many states - children appearing in court without lawyers

Kids for Cash trial: Former Pa. judge Ciavarella claims money was 'finder's fee'

The trial of Mark A. Ciavarella Jr., a former Pennsylvania judge who has been charged with honest services fraud, wire fraud and tax evasion in connection with receiving $2.6 million in kickbacks from a private juvenile jail facility, resumes today and is grabbing national attention as the case highlights the dangerous gap in the juvenile justice systems of many states - children appearing in court without lawyers.
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White House backs standard for mortgage servicers

The Obama administration favors creating a national standard for mortgage servicers such as Bank of America Corp and JPMorgan Chase & Co that have been accused of botching home foreclosure procedures.
A DuPont logo is pictured on the EMEA (Europe, Middle East & Africa) and Du Pont de Nemours International SA building in Grand-Saconnex

Hedge fund Elliott rejects DuPont's Danisco bid

Elliott Associates, the $17 billion U.S. hedge fund, added its voice to demands that chemicals giant DuPont raise its $5.8 billion bid for Danisco, the Danish maker of food ingredients and enzymes.
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Deutsche Boerse-NYSE deal faces antitrust snags

Deutsche Boerse AG's planned takeover of NYSE Euronext faces intense scrutiny from German regulators and European antitrust authorities, potentially imperiling the blockbuster exchange tie-up.
Richard D. Kinder, Chairman and Chief Executive Officer of Kinder Morgan Energy Partners LP addresses the Reuters Energy Summit

Kinder Morgan's upsized IPO raises $2.86 billion

Pipeline company Kinder Morgan Inc sold more shares and priced them above the expected range, an underwriter said on Thursday, raising about $2.86 billion in the largest U.S. energy initial public offering since 1998.

Starbucks CEO invests in Groupon, gets board seat

Daily deals website Groupon said on Thursday that Starbucks Corp Chief Executive Howard Schultz had joined its board of directors and that his venture capital firm had taken a stake in the company.
Chairman of the Federal Reserve Ben Bernanke at National Press Club luncheon on the economic outlook in Washington

Bernanke to testify on Dodd-Frank next week

Federal Reserve Chairman Ben Bernanke and other top U.S. regulators will appear before the Senate Banking Committee next week to discuss the implementation of the Dodd-Frank financial reform law, the committee announced on Thursday.
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Anti-computer hacking bill coming in Congress

Strengthening cybersecurity is the goal of legislation being introduced in Congress after reports of hack attacks on computer networks at Nasdaq OMX Group and at oil and gas companies.
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TSE CEO: no plans for merger with other exchanges

The Tokyo Stock Exchange is not discussing a merger with any other exchanges, the bourse's CEO said on Thursday, quashing any speculation the TSE will participate in the latest spate of global alliances among stock exchanges.


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