Family Run Business and Bankruptcy

Filing bankruptcy for one company may bring the assets of another company owned by the same family or group into the bankruptcy of the first.  In a recent decision, In re Cameron Construction & Roofing Co., Adv. P. No. 15-1121, 2016 WL 7241337 (Bankr. D. Mass. December 14, 2016), the Bankruptcy Court made the assets […]

santander-bank

Santander Bank Fined $10 Million for Illegal Overdraft Practices

The Consumer Financial Protection Bureau (CFPB) ordered Santander Bank, N.A. to pay a $10 million fine for illegal marketing of overdraft services and using a telemarketing firm that signed some bank customers for the overdraft service without their consent.

Do Not Fall For A Law Firm’s “6-minute Sales Pitch”

Check out this web site, watch this YouTube video or just Google the topic. You will see law firms that advertise on TV and the Internet subscribe to this policy of the “6 minute sales pitch”. For years there has been a move to create mass-production law firms rather than law firms designed to assist […]

Mortgage Modification Frauds

Big Banks Plead Guilty to Criminal Charges

Article in the Washington Post: Last week, Attorney General Loretta E. Lynch announced that five major banks were pleading guilty to criminal charges for what she described as a “brazen display of collusion” to manipulate the currency markets. 

Student Loans – CFPB Helping Deal with Financial Nightmare

Announcement from the Consumer Financial Protection Bureau: WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is launching a public inquiry into student loan servicing practices that can make paying back loans a stressful or harmful process for borrowers.

Bankruptcy Can Help Seniors Find Peace of Mind

I highly recommend this great article in the New York Times about bankruptcy and the elderly.  Everyone should understand the issues related to protecting your own or your parents’ hard earned retirement funds when faced with a financial crisis.