Wells Fargo Bank will make loans and credit cards available to young, undocumented immigrants in the DACA program — as long as it lasts — and pay up to $19.6 million to settle a lawsuit over its former policy, advocates for the immigrants announced Wednesday.
The bank was accused in a 2017 lawsuit of violating federal and state laws by denying mortgage and consumer loans and credit cards to participants in Deferred Action for Childhood Arrivals, a program established by President Barack Obama in 2012.
DACA allows immigrants who entered the United States without docum...
The Federal Housing Administration announced today that it is extending foreclosure and eviction moratoriums through August 31 for homeowners with FHA-insured single-family mortgages. The current moratorium was set to expire on June 30.
The Federal Housing Finance Agency joined FHA in lengthening its eviction and foreclosure moratorium up to two months to help borrowers and renters who are at risk of losing their homes due to the coronavirus pandemic.
FHA’s moratorium extension applies to homeowners with FHA-insured Title II Si...
After he nearly died from Covid-19, Michael Flor probably thought he couldn’t be shocked by much else. He had survived a battle with a deadly virus that had killed more than 100,000 people across America.
But Flor, a 70-year-old from Seattle, was hit with an incomprehensible hospital bill for his stay: $1.1m, the Seattle Times reported.
The bill included $9,736 per day for the intensive care room, nearly $409,000 for its transformation into a sterile room for 42 days, $82,000 for the use of a ventilator for 29 days, and nearly $100,000 for two days when he appeared t...
The program, called “Health Reimagined,” ranges from expanded telehealth connections in rural Butte County to building out primary care in Monterey. New “community health advocates” in Los Angeles and elsewhere will help members with nonmedical needs, like housing and food assistance.
“We came to the conclusion that we couldn’t just incrementally improve on a system that’s fundamentally dysfunctional,” said Paul Markovich, chief executive officer of Blue Shield of California.
Even before the coronavirus pandemic began, physicians suffered from high rates of burnout a...
The number of mortgages in forbearance fell for the second consecutive week, Black Knight said in a report on Friday.
The number of loans with suspended payments dropped to 4.66 million this week from 4.73 million, the mortgage data firm said. Measured as a share of all mortgages, forbearances dropped to 8.8% from 8.9% in the prior week, according to the Black Knight data.
Millions of Americans sought help with their mortgages after the COVID-19 pandemic sent the U.S. economy into the steepest contraction in more than eight decades.
Today, California’s Judicial Council, headed by California Supreme Court Chief Justice Tani Cantil-Sakauye, was set to vote whether to lift its emergency rules effectively banning residential evictions and judicial foreclosures during the pandemic. It did not. Instead, it voted to “suspend” this vote. As a result, the ban continues.
Said Chief Justice Tani Cantil-Sakauye:
“After discussions with the governor, legislative leaders, and Judicial Council members — as well as hearing from residents with many different viewpoints — I have suspended for the time being...
Blue Cross Blue Shield insurers in six states have sued CVS Health Corp. over an alleged scheme to overcharge them for generic drugs by submitting claims for payment at “inflated prices.”
The lawsuit, filed May 27 in the Rhode Island federal court, added to mounting pressure that CVS has been facing since 2015 over its cash discount programs, which it said were designed to compete with Walmart and other “big-box” discounted pharmacies.
According to the complaint, health insurers typically negotiate “lesser-of” contracts with pharmacy benefits middlemen to pay the low...