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The Justice Department and JPMorgan have reached a possible $13 billion settlement over civil charges that the bank sold bad mortgage loans to investors prior to the mortgage crisis.

According to Reuters, this record-setting deal won't release JPMorgan from criminal liability from some mortgages that were packaged into bonds and sold to investors. But it will go a long way toward reducing the financial institution's troubles with the federal government.

That's all well and good for JPMorgan, but what does this mean for consumers?

In a case involving a student loan collections dispute, the U.S. Supreme Court issued a ruling in favor of a debt collector, the ABA Journal reports.

This ruling, which awarded court costs to the debt collector, could potentially send a powerful message to the little guy: Don't sue your debt collector, no matter how much they allegedly harass you.

Consumers are supposedly protected under the Fair Debt Collection Practices Act. The Act prohibits creditors and debt collectors from pursuing a debtor unfairly or using unfair tactics.

Capital One to Pay $210M in U.S. Consumer Agency's First Action

Capital One is not quite "No Hassle" according to federal charges that the credit card company violated consumer protection requirements.

Capital One will pay $210 million to settle charges raised by the Consumer Financial Protection Bureau. The majority of that money will go to consumers but $60 million will be paid out in fines.

This if the CFPB's first enforcement action since the federal agency was created about a year ago. Its purpose is to protect consumers from financial threats, including hidden or excessive fees, reports The Washington Post.

Capital One's policies were problematic because of the way they deceived customers into spending more money.

A federal appeals court has declined to stay a lower court ruling requiring groups that finance election ads to reveal their secret donors.

A U.S. Court of Appeals panel voted 2-1 that political advocacy groups failed to provide sufficient evidence to grant the stay, the Los Angeles Times reports. The groups argued contributors needed to have their identities kept secret in order to protect them from retribution due to their political views.

The lawsuit was brought by Rep. Chris Van Hollen (D-Md.). He sought to overturn a Federal Election Commission regulation that allowed advocacy groups to keep their funders anonymous. So what effect will this latest ruling have on political ads?

Feds, Lenders Make $25 Billion Mortgage Settlement Official

Last month's proposed $25 billion mortgage settlement is one step closer to becoming official. Federal representatives have asked a judge to approve the settlement, which involves 49 states, Bank of America, Wells Fargo, JPMorgan Chase, Citigroup and Ally Financial.

Approximately $20 billion will go to borrowers facing foreclosure. Most of the funds will be used to reduce principal and refinance loans. The remaining $5 billion will be dispersed by state governments to Americans who lost their homes to improper foreclosures between 2008 and 2011.

Texas tycoon R. Allen Stanford was convicted Tuesday of running a $7 billion Ponzi scheme -- the biggest investment fraud since the Bernie Madoff scandal.

A jury found Stanford, 61, guilty on 13 of 14 criminal charges, including fraud, conspiracy, and obstructing an investigation by the Securities and Exchange Commission, Reuters reports. Jurors acquitted Stanford on a single wire-fraud charge.

"For all the investors, I think there is a sense of relief that they weren't just fools," one of Stanford's victims told Reuters. "We were just conned."

Judge Rejects SEC Settlement with Citigroup

Federal Judge Jed S. Rakoff rejected an SEC settlement with Citigroup on Monday. The decision may have ramifications beyond the current case.

Citigroup was charged with negligence for selling customers funds known as Class V Funding III. The mortgage securities fund was populated by securities chosen by Citigroup, though the bank told investors they were picked by an independent third party. The bank then bet against their own fund, predicting that it would lose value.

And it did. Investors lost $700 million, while Citigroup gained $160 million in profits, according to the SEC. The rejected settlement would have allowed Citigroup not to admit any wrongdoing. They would have paid out $285 million.

BofA Overdraft Lawsuit Settles for $410 Million

The Bank of America overdraft lawsuit has come to a tentative end, with a federal judge granting preliminary approval of a $410 million settlement between the bank and 1 million of its account holders.

Though Bank of America is the only defendant thus far to settle the overdraft lawsuit, the publicity and scrutiny that the suit has brought to overdraft fees has resulted in important regulation and a heightened level of consumer protection.

This settlement stems from a 2009 class action lawsuit filed against Bank of America and a host of other banks, such as Wells Fargo, Citigroup and Chase.

No Whistleblower Protection for Talking to Press

In a decision that some predict will have a chilling effect, the 9th Circuit dealt a major blow to whistleblowers reporting violations of federal securities law last week, denying protection to those who take allegations of corporate misconduct to the press.

Commentators are concerned that the ruling will lead fewer workers to report wrongdoing and inhibit the government's ability to investigate misconduct.

Like many regulatory schemes, the Sarbanes-Oxley Act, which deals with securities reporting and auditing, includes a whistleblower protection provision. It bars employers from retaliating against employees who report potential wrongdoing under the Act to the appropriate authorities.

Billionaire Raj Rajaratnam Guilty in Insider Trading Case

Raj Rajaratnam, billionaire investor and founder of the Galleon Group, has been found guilty of insider trading, fraud and conspiracy. Rajaratnam was convicted on all 14 counts by a federal jury in the U.S. District Court, Southern District of New York.

One of the richest men in the world, Rajaratnam faces at least 15-1/2 years in prison, reports Reuters. The trial took place over the course of two months, putting Rajaratnam, insider trading, and government phone taps into the spotlight.