Citigroup to pay 7B in subprime mortgage settlement
Citigroup agrees to a 7 billion settlement with the Justice Department over subprime mortgage handling. The package includes a 4 billion civil penalty, 2.5 billion in consumer relief, and 500 million to settle state and FDIC claims. The deal, while large, may curb lending and victims remain undercompensated.
MENTIONED IN THIS ARTICLE
Citigroup
Washington
Eric Holder
Federal Deposit Insurance Corporation
Justice Department
Tony West
Holder
Gerard Cassidy
RBC Capital Markets
Michael Corbat
Cassidy
VA probe finds errors in rush to cut disability backlog
The VA faces potential improper payments as inspectors found tens of thousands of veterans receiving benefits without adequate medical evidence. The review cites $371 million at risk over five years for 100 percent claims, plus unscanned mail in Philadelphia and Baltimore.
MENTIONED IN THIS ARTICLE
Washington
Department of Veterans Affairs
Department
Inspector General
Linda Halliday
Spector General
Philadelphia
Baltimore
Halliday
House Veterans Affairs Committee
Associated Press
Agency
Allison Hickey
Veterans Benefits Administration
Hickey
Iraq
Afghanistan
Jails overwhelmed as mentally ill inmates surge nationwide
The article details rising mental illness among jail inmates, citing Cook County with 36 percent of new arrivals and 54 percent on Fridays. It notes jails like Cook County hold over 10,600 inmates and face a revolving door of bookings and releases, complicating access to medications and care. Expert voices warn jails strain under treatment duties, with U.S. jails housing about 731,000 people and reporting 1.7 million bookings last year. The piece references AP investigations of New York City's Rikers Island and broader calls for reform.
MENTIONED IN THIS ARTICLE
Cudienco
Cook County Sheriffs
Chicago
Elli Petacque Montgomery
Montgomery
Sheriffs Office of Mental Health Policy
Cook County
U.S
Henry J. Steadman
New York State
Associated Press
New York City
Rikers Island
Also Mentioned on This Page
Eric Tucker
Bartlett Naylor
Jpmorgan Chase & Co
Bank of America Corp
Charles Rex Arbogast
International Institute
Lied Center
Nym.com
Lawrence
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