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Highlights

A collection of news and information related to Guaranty Corporation published by this site and its partners.

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    Jul 9, 2012 |Story| AP Member Choice Limited

  1. New law gives U.S. companies a break on pensions

    A new law will let companies contribute billions of dollars less to their workers’ pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement.
    Associated Press
    A new law will let companies contribute billions of dollars less to their workers’ pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement. But with many companies already freezing or getting...

    Tags: Career and Workplace, Politics, Finance, Employees, University of Pennsylvania

    2. May 17, 2013 |Column| Allentown Morning Call

  2. Goldman Sachs wins even when muzzled by the feds

    Almost three years ago, when Goldman Sachs Group Inc. paid $550 million to settle fraud accusations by the Securities and Exchange Commission, one of the claims was that Goldman misled the bond-insurer ACA Financial Guaranty Corp. in a horribly complex...

    Tags: Mary Jo White, Politics, Finance, Prosecution, Economy, Business and Finance

    3. Apr 4, 2013 |Story| Los Angeles Times

  3. Regulators probing alleged mortgage insurance kickback scheme

    WASHINGTON — Federal regulators are conducting an extensive investigation into an alleged mortgage insurance kickback scheme that pushed up costs for home buyers dating from the mid-1990s.
    WASHINGTON — Federal regulators are conducting an extensive investigation into an alleged mortgage insurance kickback scheme that pushed up costs for home buyers dating from the mid-1990s. The Consumer Financial Protection Bureau, in disclosing...

    Tags: Services and Shopping, Finance, Economy, Business and Finance, Mortgages, Consumers

    4. Apr 4, 2013 |Story| Los Angeles Times

  4. Feds fine four mortgage insurers $15 million for alleged kickbacks

    WASHINGTON -- Federal regulators hit four national private mortgage insurance companies Thursday with a combined $15.4 million in fines to settle allegations of making improper kickbacks to lenders to steer consumer business to them.
    WASHINGTON -- Federal regulators hit four national private mortgage insurance companies Thursday with a combined $15.4 million in fines to settle allegations of making improper kickbacks to lenders to steer consumer business to them. The fines, which...

    Tags: Ottawa Senators, Finance, Mortgages, Economy, Business and Finance, Consumers

    5. Apr 3, 2013 |Story| Baltimore Sun

  5. RG Steel creditors' lawsuit request is flawed, executives say

    The executives whom RG Steel's unsecured creditors want to sue for allegedly mismanaging the bankrupt company said in court filings this week that the claims are baseless.
    The executives whom RG Steel's unsecured creditors want to sue for allegedly mismanaging the bankrupt company said in court filings this week that the claims are baseless. The Official Committee of Unsecured Creditors asked permission in February to sue...

    Tags: Companies and Corporations, Politics, The Renco Group, Inc., Pension and Welfare, Bankruptcy

    6. Feb 1, 2013 |Story| Baltimore Sun

  6. RG Steel creditors withdraw request to sue Rennert

    Unsecured creditors in the RG Steel bankruptcy case withdrew Friday their request to sue the company's billionaire founder.
    Unsecured creditors in the RG Steel bankruptcy case withdrew Friday their request to sue the company's billionaire founder. The Official Committee of Unsecured Creditors had in January asked the U.S. Bankruptcy Court in Wilmington for permission to go...

    Tags: Financially Distressed Companies, Companies and Corporations, Politics, The Renco Group, Inc., Finance

    7. Jan 29, 2013 |Story| Baltimore Sun

  7. Pension agency sues Renco Group over RG Steel deal

    The federal Pension Benefit Guaranty Corp. is suing the Renco Group — parent of bankrupt RG Steel — for allegedly attempting to "evade liability" for the steelmaker's pension obligations.
    The federal Pension Benefit Guaranty Corp. is suing the Renco Group — parent of bankrupt RG Steel — for allegedly attempting to "evade liability" for the steelmaker's pension obligations. The agency is seeking $97 million from the New York...

    Tags: Companies and Corporations, Politics, Finance, Bankruptcy, Pension and Welfare

    8. Jan 4, 2013 |Story| Aberdeen News

  8. Financial aid information available for Central seniors

      Aberdeen Central High School seniors and their parents are invited to a financial aid information night at 7 p.m. Monday.  Topics during the presentation in the Thomas F. Kelly Theatre will include the application process, postsecondary education...
    9. Jan 1, 2013 |Column| Chicago Tribune

  9. A remedy for beggar states

    The nation's menu of crises caused by governmental malpractice may soon include states coming to Congress as mendicants, seeking relief from the consequences of their choices. Congress should forestall this by passing a bill with a bland title but explosive potential.
    The nation's menu of crises caused by governmental malpractice may soon include states coming to Congress as mendicants, seeking relief from the consequences of their choices. Congress should forestall this by passing a bill with a bland title but...

    Tags: The Washington Post, Financially Distressed Companies, Career and Workplace, National Government, Politics

    10. Aug 24, 2012 |Story| KWCH

  10. Hawker machinists approve pension deal

    <span style="font-size: small;">Machinists at Hawker Beechcraft have voted to freeze their pension plan amid fears of losing it during the aircraft maker's bankruptcy restructuring.</span>
    Machinists at Hawker Beechcraft have voted to freeze their pension plan amid fears of losing it during the aircraft maker's bankruptcy restructuring.     Union officials say 97 percent of members voting Friday supported a proposal that retains pensions...

    Tags: Retirement, Financially Distressed Companies, Career and Workplace, Politics, Finance

    11. May 24, 2012 |Story| AM News

  11. Another truth about private equity firms

    In his May 22 column, Bob Martin says the Obama administration “does not understand market economics,” and is “lying for political purposes.” The main thrust of his screed is that private equity firms, such as Bain Capital, are...

    Tags: Bain Capital, LLC, Auction Service, Barack Obama, Internal Revenue Service, Credit Ratings

    12. Jan 16, 2012 |Story| Petoskey News

  12. Tax cut talks focus on budget cuts, new fees

    WASHINGTON (AP) -- Republicans would cut federal employee benefits. President Barack Obama would raise fees for airline passengers and eliminate Saturday mail delivery. Democrats in Congress would charge employers higher premiums for federal pension guarantees.
    WASHINGTON (AP) -- Republicans would cut federal employee benefits. President Barack Obama would raise fees for airline passengers and eliminate Saturday mail delivery. Democrats in Congress would charge employers higher premiums for federal pension...

    Tags: Health, Government Health Care, Career and Workplace, Unemployment Benefits, Transportation

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