The bank was found to have charged nearly 600,000 customers for insurance they didn't need, which led to about 20,000 repossessions, investigators said.
Read moreHot off the wires
From INN Magazine
- Don’t Look Now… Fiduciary’s Coming
- Single Payer - Could It Work Here?
- You Might As Well Jump
- Could Your Clients’ Parents Be an Untapped Life Insurance Market?
- How End-of-Life Documents Are Like a Love Letter
- Why Some Advisors Don’t Like Selling Fee-Based Annuities
- 6 Ways Brokers Can Get More Out of the Enrollment Off-Season
- Until Robo-Advisors Learn Empathy, They Are Not Real Competition
- Stock Market, DOL Rule Create Chance for 401(k) Re-evaluations
Washington Wire
Trump Says Midterms Are ‘Choice’ On Taxes
President Donald Trump says the November elections are “a choice” for the country between Republicans who want to protect their signature tax cut law and Democrats he says “want to end them and raise your taxes substantially.” In a tweet Friday, Trump says Democratic House leader Nancy Pelosi “is going absolutely crazy” over the law. On Thursday, she said the idea that economic growth would cover the budgetary shortfall from the corporate and personal income tax cuts “nonsense” and “BS.”
Annuity News
Nationwide To Sell Annuities Through Independents
Nationwide’s move might set a precedent for other mutuals to sell exclusively in the independent channel.
INN Exclusives
Gerber Life a Fit, Torchmark Exec Says
Gerber Life would be a good fit for middle income life and health insurer Torchmark, a company executive said recently….
INN Insider
The Big New Idea For Reducing Health Care Costs Is Actually Really Old
If you think the country needs dramatic, even radical action to stop medical care from getting so expensive, pay close attention to what’s happening in California.
Next week, a committee in the state Assembly will vote on legislation to create a permanent, nine-member commission on health care costs, quality and access.
