• 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 [...]

  • Lawsuit claims Bank of America that gave bonuses to employees to lie to homeowners and to foreclose on homes. The answer is "yes" Bank of America rewards employees for lying and putting borrowers into [...]

  • Published On: August 24, 2013

    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 [...]

  • Published On: August 19, 2013

    The Insidious Virus Circulating Through the Industry’s Blood by Patrick Barnard Short sale fraud and foreclosure fraud continue to grow, impacting mortgage servicers’ bottom lines. Last year, banks lost more than $375 million to short [...]

  • Published On: August 18, 2013

    Seniors need to be very careful about reverse mortgages, warns the Consumer Financial Protection Bureau. Reverse mortgages not being used the way Congress intended. In the summer of 2012 the Consumer Financial Protection Bureau (CFPB) [...]

  • NY Attorney General suing HSBC Holdings, PLLC for failure to properly negotiate loan modifications and other foreclosure law violations. “Heads I win, tails you lose” is a fraudulent coin toss. Wells Fargo did no better.” [...]

  • Payday loans and deposit advance loans lead to a cycle of indebtedness; raises Consumer Protection Concerns “Heads I win, tails you lose” is a fraudulent coin toss. Wells Fargo did no better.” The Consumer Financial [...]

  • May 19, 2013: banks have paid less than half the $5.7 billion in the 30 different settlements negotiated by various agencies through the Nation. "Heads I win, tails you lose” is a fraudulent coin toss. [...]

  • Bank Fraud: Wells Fargo, Bank of America, JP Morgan Chase, Ally Financial and Citigroup to pay $25 billion for fraudulent foreclosure practices which led to the worst economic crisis since the Great Depression. In the [...]

  • In 2010 Arizona instituted strict limits on payday loans. Unfortunately, banks are now picking up the practice of making these immoral loans calling their payday loans “deposit advances”. But if it walks and quacks like [...]