Hot Issues

The US regulators announced that they would allow Freddie Mac and Fannie Mae to eliminate debt balances for several borrowers whose loan worth more than their assets. The debt reduction plan would serve as a final chance for earnestly delinquent debtors to save their homes from foreclosure.

The EU competition commission is going to frame charges following complaints from four Google rivals for prioritizing own apps in Androids. Google has denied the allegations since consumers are allowed to choose apps for their own devices. If Google is found guilty, it may have to count monetary penalty while reviewing its existing business policy.

Hundreds of residents in Los Angeles have filed claims against governors and state agencies, seeking 3.5 million in damages for gas blowout. While more than 3,000 claims are waiting to be filed.