Illinois is set to receive a $300 million share of a record $16.7 billion nationwide settlement with Bank of America, over allegations of financial misconduct that helped lead to the 2008 financial crisis.
The deal announced Thursday by the U.S. Justice Department stems from the bank’s role in the sale of mortgage-backed securities in the run-up to the financial crisis.
Cyber criminals can ruin your credit, making it difficult to buy a house or car, but CBS 2’s Jim Williams learned, not everyone takes action even after the fraud’s been discovered.
Illinois Attorney General Lisa Madigan on Wednesday called for the formation of a new federal agency to investigate data breaches in much the same way the National Transportation Safety Board investigates plane and train crashes.
It is part of a national settlement with Citigroup because of the bank’s misconduct in the sale of risky mortgage-backed securities
Chicago lost its legal battle to keep gun stores out of the city, and now it must pick up the tab for nearly $1 million in legal fees that the winners spent on the case.
In a 4-3 vote, the Illinois Supreme Court on Thursday ruled former Chicago Police Cmdr. Jon Burge can keep his pension, despite his conviction for lying about the torture of criminal suspects.
A key subcontractor working on the campaign to promote President Barack Obama’s health care law in Illinois is a Chicago political strategy consulting firm owned by three former aides to some of the state’s most-powerful Democrats.
Two former CTA employees are accused of submitting fake death certificates for their children and stealing coworkers’ identities to take thousands of dollars in retirement funds from a transit agency program.
Senate Republicans crying foul after Gov. Pat Quinn used a rare procedural maneuver to try to aid the confirmation of two appointees announced several efforts Thursday to close what they described as a constitutional loophole.
The manufacturer of the once-popular drink “Four Loko” has reached an out-of-court settlement that bars it from going back to the formula that made it popular.
The money came through a combination of litigation and collection efforts. About one-third of the money was collected through litigation for damages to state property, child support, unpaid educational loans, fines and penalties.
Attorney General Lisa Madigan on Tuesday told an Illinois county clerk that he and others around the state have the right to immediately issue marriage licenses to same-sex couples.
Mayor Rahm Emanuel and Attorney General Lisa Madigan on Thursday will announce an agreement with Beemsterboer Slag Co. that will force the company to remove petcoke and metcoke that neighbors say have coated their homes with black dust.
The state is trying to prevent Illinois tornado victims from becoming victims of scam artist contractors.
There are a number of toys, clothing and other items that safety experts want you to know are on sale and unsafe for children, reports WBBM’s Bernie Tafoya.
Illinois law bars sex offenders under court supervision from handing out Halloween candy to children.
Police officers from across the state have wrapped up a first-of-its-kind four-day training program at the Orland Park Police Department designed to help them catch internet sex predators.
A federal judge has rejected a push by gun rights advocates to let Illinois residents immediately tote firearms in public instead of waiting months for the state to outline the permitting process under its new concealed carry law.
Attorney General Lisa Madigan says she’ll seek another term instead of running for Illinois governor next year.