• Feds Announce Litigation Against Law firms for Deceptive Loan Modification Practices

    Published On: July 25, 2014

    Litigation against law firms, greedy attorneys, affiliated companies and others that claimed to perform work on behalf of homeowners struggling to pay their mortgages. The other day a caller said "I used a document preparer [...]

  • $16.2 Million Jury Verdict Against PHH Mortgage for Botched Loan Modification

    Published On: July 19, 2014

    PHH suffered one outrageous atrocity after another on the homeowner. Jury disgusted and awarded a $16.2 million. The other day a caller said "I used a document preparer or bankruptcy petition preparer. Certainly they have [...]

  • Root of all Evil: Credit has Taken the Place of Money

    Published On: June 23, 2014

    Forgive Us Our Debts as We Forgive Our Debtors: Bankruptcy and the Bible Root of all Evil: Credit has Taken the Place of Money Dalton Camp proclaimed many years ago that, "having lost its value, [...]

  • debt collector

    Debt Collection Surveys to be Mailed to Consumers

    Published On: March 13, 2014

    The Consumer Financial Protection Bureau wants to hear from you to learn about your experiences with the debt collection industry. The other day a caller said "I used a document preparer or bankruptcy petition preparer. [...]

  • National City Discriminatory Loans Costs $35 Million

    Published On: December 24, 2013

    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 [...]

  • OCWEN Slammed With $2 Billion Settlement

    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 [...]

  • picture of Elizabeth Warren

    Bill to Prohibit Running Credit Checks on Job Candidates

    Published On: December 22, 2013

    Should an employer run credit reports on potential new employees? Dec. 17, 2013 Does a person's credit situation really reflect their ability to do a job? U.S. Sen. Elizabeth Warren, a Massachusetts Democrat, introduced legislation [...]

  • SIGN - students make banks rich

    CFPB To Oversee Student Loan Servicers

    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 [...]

  • payday loans

    $14M Reimbursement to Payday Loan Borrowers

    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 [...]

  • picture of vet and son

    Problems with Military Lending Act

    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 [...]