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Bank of America Capital Shortfall And China Construction BankMonday, July 18, 2011 @ 12:29PMBank of America (BAC.N), facing with the on-going and never-ending mortgage foreclosures, probably needs more capital and will not be able to raise dividend pay-outs according to Bloomberg . The number which is being thrown around is US$50 billion shortfall on capital.

Petraeus takes off the glovesMonday, July 18, 2011 @ 11:57AMJust six months into her job as assistant director of the Office of Servicemember Affairs at the Consumer Financial Protection Bureau, Holly Petraeus is kicking butts and taking names of mortgage lenders who dare to mess with America's military families.

Richard Cordray Is Obama's New Consumer Protection CopMonday, July 18, 2011 @ 11:44AMThere’s one main reason Richard Cordray , President Obama’s nominee to head the Consumer Financial Protection Bureau, may actually win confirmation by the Senate: Few in Washington actually know who he is.

First South Bancorp, Inc. Reports June 30, 2011 Quarterly and Six Months Operating ResultsMonday, July 18, 2011 @ 11:21AMFirst South Bancorp, Inc. , the parent holding company of First South Bank , reports its unaudited operating results for the quarter ended June 30, 2011, and for the six months ended June 30, 2011.

Obama Sidesteps Warren for Consumer AgencyMonday, July 18, 2011 @ 10:46AMPresident Obama sidestepped Interim Director Elizabeth Warren to pick Cordray for the post

US builders' outlook rises after hitting 2011 lowMonday, July 18, 2011 @ 10:41AMIt's a bit rosier in June but the future prospects for home construction are anything but promising.

From the State House: Help for Homeowners Facing ForeclosuresMonday, July 18, 2011 @ 10:10AMHundreds of families across the commonwealth face foreclosures on their homes in this difficult economy. While the number of foreclosures is declining, the problem continues to place a devastating burden on families. A new initiative by the Governor Patrick’s office aims to inform the public about interest free loans and provide guidance from the Emergency Homeowners’ Loan Program (EHLP) to help ...

Knoxville man caught in foreclosure mazeMonday, July 18, 2011 @ 8:58AMKNOXVILLE --

A Big Week for the New Consumer AgencyMonday, July 18, 2011 @ 8:42AMRichard Cordray, a former Ohio Attorney General and the CFPB's agency's current head of enforcement, is President Obama's nominee to lead the new agency This is a big week for the Consumer Financial Protection Bureau (CFPB). Today, the President will announce his intent to nominate Richard Cordray to serve as the first Director of the Consumer Financial Protection Bureau . On Thursday, the CFPB ...