A credit sweep is a credit repair tactic that disputes all negative items on a credit report at once, often fraudulently.

Bank of America has been hit with a new class action over its cash sweep program, with a New Jersey resident accusing the bank of automatically sweeping money into accounts with unreasonably low ...

In a partial legal win for LPL Financial, a federal judge dismissed parts of an investor lawsuit against the company over the paltry rates it paid clients on uninvested cash. On June 30, Judge Todd W.

Aug 16 (Reuters) - The spate of regulatory investigations into wealth managers' cash sweep programs could hurt their credit ratings, Moody's Ratings warned on Thursday, underscoring the threat to the ...