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Financial Services & Real Estate Headlines

UPDATE 1-U.S. top court lets debt collection class-action suit proceed

WASHINGTON, June 27 The U.S. Supreme Court on Monday allowed a class-action lawsuit against debt collector Encore Capital Group Inc to move forward, declining to hear its claim that such companies should be protected from state "usury" laws barring money-lending at unreasonably high interest rates.

U.S. Supreme Court rejects debt collection dispute

WASHINGTON, June 27 The U.S. Supreme Court on Monday allowed a class-action lawsuit against debt collector Encore Capital Group Inc to move forward, declining to hear its claim that such companies should be protected from state "usury" laws barring money-lending at unreasonably high interest rates.

RPT- Texas 'Frack Master' bilked investors out of millions, SEC says

NEW YORK, June 27 Texas oilman Chris Faulkner built a high-profile public persona, raised millions for his oil and gas ventures and courted politicians. But the SEC has alleged that behind the scenes, he cheated investors out of $80 million to fund a "debauched" jet-setting lifestyle.

British bank shares slide as Brexit spooks investors

LONDON, June 27 Shares in Britain's top banks suffered further deep losses on Monday as fears about the fallout from Brexit sparked a litany of earnings downgrades and sell-offs by shell-shocked investors.

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