One of the arguments being advanced against the NCAA penalties on Penn State for its action and inaction related to the Sandusky crimes is that athletes, coaches and administrators who had nothing to do with the transgressions will be unfairly punished. ...

Tagged with: crime football ncaa penalties Penn State

SACRAMENTO, Calif. — California will become the first state to write into law much of the national mortgage settlement negotiated this year with the nation’s top five banks, if state lawmakers approve wide-ranging legislation on Monday. Majority Democrats say they ...

Tagged with: ally financial Bank of America Banks california citigroup democrats foreclosure Foreclosures lenders mortgage penalties Settlement wells fargo

WASHINGTON — The Internal Revenue Service is reviving a program that lets Americans who are hiding their assets overseas avoid criminal charges by paying their back taxes plus penalties. IRS Commissioner Douglas Shulman says that similar efforts in 2009 and ...

Tagged with: americans Business Internal Revenue Service IRS offshore penalties program tax Taxes

ANNAPOLIS — The Maryland Senate has added stronger penalties in a bill to increase the reliability of Maryland utilities. Senators approved an amendment on Wednesday that would enable utilities that are not meeting reliability standards to be penalized in 2012, ...

Tagged with: Attorney General Brian E. Frosh electricity General Assembly house of delegates maryland penalties reliability senate utilities

WASHINGTON — International tax evaders who come clean will be able to avoid jail and pay reduced fines under a new voluntary disclosure program announced Tuesday by the Internal Revenue Service. Tax cheats will have until Aug. 31 to settle ...

Tagged with: filing Internal Revenue Service IRS penalties reduce tax evasion Taxes united states

With apologies to Jerry Maguire, the feel-good banking mantra of the day might be described as help us help you. Or, to borrow another cliche, no pain no gain. Bank of America offered fresh evidence Tuesday of how shifting its ...

Tagged with: Bank of America Banking Banks consumers credit Fees penalties