• National City Bank to pay $35 million for overcharged black and Hispanic borrowers on mortgages from 2002 through 2008. National Bank is now PNC Financial Services Group. National Bank charged with discrimination. Federal [...]

  • Published On: December 23, 2013

    OCWEN TO provide $2 billion in principal forgiveness relief to homeowners throughout the next three years as part of a settlement agreement. The other day a caller said "I used a document preparer or bankruptcy [...]

  • Published On: December 18, 2013

    As of 2013, student loans are the nation’s second-largest consumer debt market. It is predicted that student loan defaults will be the next financial tidal wave to hit the nation. The other day a caller [...]

  • Published On: November 29, 2013

    Cash America International, Inc., one of the largest payday lenders in the country, to pay $19 Million.. The company agreed to reimburse up to $14 million related to debt collection lawsuits and $5 million penalty [...]

  • Published On: November 24, 2013

    The Military Lending Act is intended to protect our military from being preyed on by unscrupulous short-term lenders. Seven years later the government is finding there are huge loopholes in the Act. Loopholes that do [...]

  • Published On: November 7, 2013

    More than 600,000 federal student loan borrowers who began repaying their debts in 2010 defaulted on their loans by 2012. More than $221 billion of these loans at the largest banks will hit this mark [...]

  • Published On: November 6, 2013

    Debt collectors face new rules under proposal from Consumer Financial Protection Bureau (By Danielle Douglas, Published: November 5) According to the Washington Post: the government is preparing restrictions on debt collectors, a loosely regulated industry [...]

  • Published On: October 2, 2013

    Credit card issuers face limits on fees and greater disclosure requirements as CFPB pledges more scrutiny after a 2009 law that revamped regulation of the business. Bully tactics used to scare or coerce buyers. October [...]

  • Published On: September 28, 2013

    Small bank mistakes result in blacklisting more than a million low-income Americans from being able to get a checking account for years. More than $221 billion of these loans at the largest banks will hit [...]

  • Published On: September 9, 2013

    Millions of Dollars Being Released to Assist Arizona Homeowners Hit by Mortgage Crisis Attorney General’s Office to Expand Mortgage Relief Efforts over Next Three Years Attorney General Tom Horne is today announcing in a press [...]