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Author: Rob Varnon

CFTC wins $108 million judgement against ‘phantom’ gold dealer

Remember a year back or so, the CFTC brought allegations of fraud against Las Vegas-based Hunter Wise for selling gold the government agency said it didn’t have. Hunter Wise steadfastly defended

Consumer watchdog sideswipes auto insurers over pricing

A national consumer watchdog group is urging state insurance regulators to dig into auto insurers charging them with pricing the poor out of their cars. Consumer Federation of America sent letters and

Last shift in Mines

It’s my last day officially working in the Mines, and the Post today. I’m heading down county to cover education at the Advocate, starting Monday. But before I go, I just wanted to say goodbye to

Conn. man nabbed on federal charges for bad app.

Apparently, there wasn’t an app. for that. Federal agents say a Middletown man was offering friends a chance to get in on the ground floor of his new tech business, but instead he was just grinding up

Home hunters rising

This is not a reference to a never before heard Door’s song, this is all about the real estate market and mortgages. But you can click the link to find the Door’s site and song LA Woman. The Mortgage

Are you sustaining? Recent transplants give us a call

Hearst Biz Writer Rob Varnon would like to talk to those people living Connecticut’s motto, Qui Transtulit Sustinet, which according to my rusty Latin, means something like “It won’t kill you to

Charging into a better economy? Credit card borrowing rising

Americans reduced credit card debt in the first quarter of 2013 at a slower pace than the previous year, prompting concerns that the nation is about to punch the accelerator on debt this year.

Banks pay $7 million for bad behavior in 4,670 Connecticut foreclosures

Remember when the banks faked court documents to speed up the foreclosure process and kept losing the paperwork from desperate people trying to modify mortgages in the heart of the downturn? Well, the

Zap! Naugatuck Savings to change into ion Bank

Naugatuck Savings Bank, which has $975 million in assets, said Monday it will change its name to the more recognizable “ion Bank” in the fall. The move should help ease confusion between Naugatuck

Going up: Mortgage rates hit highest levels in a year

The Mortgage Bankers Association said rates climbed to their highest levels in a year on expectations that the Fed is going to start tapering its asset buying program. The MBA noted that the economy