Yet, he won’t tell the 83 million customers if any of their information was compromised.

JPMorgan Chase CEO Jamie Dimon offered a grave warning on Friday about future cyberattacks.

Making his first public statement about theenormous data breach that roiled the bank this summer, Dimon said the company would spend $250 million a year to increase security and prevent future breaches,The New York Times reported.

“This is going to be a big deal and there will be a lot of battles,” he said, according to a JPMorgan spokeswoman. “We need a lot of help.”

Read on.

When the Center for Public Integrity last summer requested records from Florida’s 17th judicial circuit regarding the procedures and policies surrounding foreclosure cases, officials were more than happy to comply — for a price.

A price of $132,348, to be exact.

Alexandra Rieman, general counsel for the circuit that includes Fort Lauderdale and Broward County, said the public records request would require staff to sort through 149,000 emails. That, in turn, would require 2,500 staff member hours at rates of either $45 or $53 an hour, which added up to the $132,348 figure.

And whatever records the court system did provide would cost another 15 cents a page, Rieman added, without including estimates of staffer hours and hourly rates.

The Center for Public Integrity refused to pay the amount, arguing that the fees were excessive.

More here…

A fair-housing advocacy group Wednesday accused U.S. Bank of failing to adequately maintain foreclosed properties in metro Denver’s minority neighborhoods.

The National Fair Housing Alliance added Denver and three other cities to its pending complaint with the U.S. Department of Housing and Urban Development that alleges improper foreclosure maintenance in 41 cities nationwide.

The group has filed similar complaints against other banks, including Wells Fargo and Bank of America. The complaints state that the banks and their servicers conduct good maintenance on foreclosed homes in predominantly white neighborhoods but fall short in minority areas by allowing homes to deteriorate, accumulate trash and become overgrown with weeds.

Last year, Wells Fargo settled a similar complaint over how it maintained foreclosures, agreeing to invest $39 million in 45 communities, including Denver, to improve housing in minority neighborhoods hit hard by foreclosures.

Read on.

Daily Show host Jon Stewart shredded former AIG head Hank Greenberg for arguing that the federal government stiffed his company with a $184 billion bailout package six years ago, saying his company did a lot better than the average person did asking for a loan from AIG.

“Hello, Mr. Greenberg,” Stewart said, impersonating a loan officer. “You’ve asked us for $184.6 billion for 90 percent of your company, which is only worth $15 billion … go f*ck yourself.”

Stewart pointed out that, while the U.S. paid more than 1,000 percent of AIG’s market value at the time of the bailout, Greenberg filed a lawsuit painting himself as a victim of government extortion.

Read on.

Attorney General Eric Holder’s resignation last week reminds us of an infuriating fact: No banking executives have been criminally prosecuted for their role in causing the biggest financial disaster since the Great Depression.

“I blame Holder. I blame Timothy Geithner,” veteran bank regulator William K. Black tells Bill this week. “But they are fulfilling administration policies. The problem definitely comes from the top. And remember, Obama wouldn’t have been president but for the financial contribution of bankers.”

And the rub? While large banks have been penalized for their role in the housing meltdown, the costs of those fines will be largely borne by shareholders and taxpayers as the banks write off the fines as the cost of doing business. And by and large these top executives got to keep their massive bonuses and compensation, despite the fallout.

But the story gets even more infuriating, the more Black lays bare the…

The nation’s largest banks and debt collectors are worried that if you learn what people are saying about them, you might like them less. And that wouldn’t be fair, they say.

The financial sector is fighting a Consumer Financial Protection Bureau proposal that would have the agency publish complaints submitted by people who feel they have been mistreated by a lender, debt collector or other financial institution. As it now stands, the agency publishes some small amount of information about the more than 290,000 complaints it has received from aggrieved consumers, but has refused to release the full narratives — essentially, the details.

Under the new policy, consumer names would be redacted and banks and other financial institutions would have a chance to publicly respond to or refute any allegations. People who file a complaint would have to opt in to having their narrative published on the CFPB’s website.

“This…

(St. George, UT) – Utah Fifth District Judge Jeffrey Wilcox listened to Sam Adamson tell his story on the witness stand about the illegal foreclosure conducted on his home by ReconTrust Company over four years ago. After taking the case under advisement Judge Wilcox issued a ruling stating that the foreclosure sale on Adamson’s home was void and never happened. “Judge Wilcox listened to all of the testimony and carefully reviewed case law and made the appropriate ruling,” Attorney John Christian Barlow, who represents the Adamsons, told KCSG news.

This ruling is significant because it renders ReconTrust foreclosure action invalid as if it never happened. For years Utah homeowners have battled Bank of America (NYSE: “BAC”) and its subsidiary ReconTrust Company over the validity of the bank’s foreclosure actions in Utah, Barlow said.

Read more: KCSG Television – Utah Homeowner Wins Lawsuit Against Bank of America in Illegal…