Category: Consumer Issues

Arizona law requires landlords give tenants notice of pending foreclosure. Must provide notice within five days of receiving notice of foreclosure. Arizona law requires that landlords tell tenants about any foreclosure.  This is good news [...]

Big banks settle: to Pay $8.5 Billion to settle claims of wrongful foreclosure actions. Aurora Bank, Bank of America, Citigroup, J.P. Morgan Chase, Wells Fargo, Sovereign Bank, MetLife, US Bank, SunTrust, and PNC agree to [...]

CFPB announces new rules which provide many protections to consumers, but also offers protection, or "safe harbor," to banks and lenders The answer is "yes" Bully tactics used to scare or coerce buyers. The federal [...]

Citigroup to Pay Fannie Mae $968 Million and BofA to pay $10.35 Billion as a result of faulty mortgages. The answer is "yes" Citigroup said on July 1, 2013 that it had agreed to pay [...]

Sallie Mae Accused of Overcharging Military Personnel on student Loans The answer is “yes” Servicemembers Civil Relief Act caps interest on loans to military personnel at 6 percent, along with providing protections against default judgments [...]

According to the Federal Trade Commission report nearly 20 percent of consumers had errors in at least one of their credit files. The answer is "yes" Earlier this year the Federal Trade Commission completed a [...]

Arizona fails to pass fifty million dollars in federal aid to help struggling homeowners avoid foreclosure, despite being one of the hardest hit states in the real estate bust. The answer is "yes" Arizona homeowners [...]

Rising student loans forcing potential entrepreneurs to abandon their dreams. The answer is "yes" The rising mountain of student loan debt, recently closing in on $1.2 trillion, is forcing some entrepreneurs to abandon startup dreams [...]

Loan Modification program According to article in CNNMoney - starting July, 2013, hundreds of thousands of struggling borrowers could be in for a pleasant surprise: a quick and easy way to get their mortgage payments [...]

Judge says Wells Fargo prepared documents with "fraudulent purpose" of inducing borrower to make the payments and with option to later "stiff" borrower. “Heads I win, tails you lose” is a fraudulent coin toss. Wells [...]