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Posted at 05:00 AM ET, 02/10/2012

Get started ‘On’ Feb. 10: Mortgage fraud settlement reached, U.S. jobs age gap widening

Our daily blend of the latest news, trends and tips for the small business community.

What’s going ‘on’:


The $26 billion mortgage settlement is expected to be filed in a federal court within a matter of weeks and will require the consent of a judge. (DAVID J. PHILLIP - AP)
Banks and states reach mortgage fraud settlement: State and federal officials on Thursday announced a settlement of $26 billion with five of the nation’s banks over flawed and fraudulent foreclosure practices that affected several million homeowners and became commonplace after the housing boom turned to bust in recent years. It is the largest government-industry settlement in more than a decade.

SBAC health care bills introduced in Congress: The Small Business Advocacy Council on Thursday announced introduction of House Bill 3976 and Senate Bill 2885, both of which would authorize health care cooperatives in Illinois in an effort to stabilize health care costs for small business owners.

Greece arrives at austerity deal: Greek politicians have reached a deal to make a sweeping series of cuts that they hope will secure an international bailout and help the debt-ridden nation avoid bankruptcy, according to Prime Minister Lucas Papademos. The deal could be crucial in controlling the euro region’s financial crisis.

Keep an eye ‘on’:

Age gap widening for American jobs: Squeezed by a tight job market, individuals in their 20s and 30s are struggling to find work. They have suffered bigger income losses than other age groups and are less likely to be employed than at any time since World War II.

Helpful advice ‘on’:

How to assess a franchise opportunity (Wall Street Journal)

How to host effective business presentation Q&As (NFIB)

How to avoid common office-leasing nightmares (Inc.)

How to know when to go all-in on your start-up (Mashable)

How new loan laws may affect your bottom line (Open Forum)

By  |  05:00 AM ET, 02/10/2012

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