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Redemption Stories: Utilizing the BMO AIR MILES World Elite Mastercard Companion Flight Benefit + MORE Nov 29th
Rewards Canada reader Jim M. provided a comment on our post Travel Hacking 102 - Earn up to 4,300+ AIR MILES Rewards Miles for FREE with a potential value of over $1,300 in travel (Updated Nov 21, 18) and how he has leveraged just one of these offers for an amazing redemption story. This ties in per.... More »
Great news! Quebec drops the mile/point value retention from proposed bill + MORE May 4th
Last week we detailed the news of Quebec's proposed Bill 791 which would make points expiry and points devaluation illegal. Good news is that on May 2nd, the Quebec government seems to have forgone with Bill 791 and are moving ahead with Bill 134 which no longer stipulates the points devaluation. Ov.... More »
Should I shop at Whole Foods if I have an Amazon credit card? + MORE May 8th
With 5 percent back at Whole Foods with an Amazon credit card, it can be tempting to shop there. But you'll need to do the math to see if you'll actually save money.... More »
Wal-Mart set to begin Visa ban today at stores in Thunder Bay + MORE Jul 18th
After months of negotiations, retail giant is eliminating Visa as a payment option at three Thunder Bay stores; vows to extend ban to its 400 locations in Canada.
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October 14 Update: U.S. land border to reopen to vaccinated Canadians and World of Hyatt Peak/Off Peak pricing coming very soon so book your stays now + MORE Oct 15th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus points .... More »
GE gets subpoena over subprime mortgage business
– canadianbusiness.com
NEW YORK, N.Y. – General Electric says the U.S. Department of Justice has subpoenaed the company as part of an industrywide investigation into subprime mortgage lending.
According to a filing the industrial conglomerate made Friday, federal prosecutors are examining potential violations by GE’s WMC mortgage lending business from 2005 to 2007. The company says it received the subpoenas in January and will co-operate with the investigation, “which is at an early stage.”
WMC specialized in making loans to consumers with less-than-perfect credit scores. GE sold the business in 2007 after the collapse of the U.S. housing market.
In the last year, Fairfield, Connecticut-based GE has been focusing on selling off most of its finance and lending operations to refocus on its industrial businesses.
The post GE gets subpoena over subprime mortgage business appeared first on Canadian Business – Your Source For Business News.
According to a filing the industrial conglomerate made Friday, federal prosecutors are examining potential violations by GE’s WMC mortgage lending business from 2005 to 2007. The company says it received the subpoenas in January and will co-operate with the investigation, “which is at an early stage.”
WMC specialized in making loans to consumers with less-than-perfect credit scores. GE sold the business in 2007 after the collapse of the U.S. housing market.
In the last year, Fairfield, Connecticut-based GE has been focusing on selling off most of its finance and lending operations to refocus on its industrial businesses.
The post GE gets subpoena over subprime mortgage business appeared first on Canadian Business – Your Source For Business News.
