• New Mortgage Lending Rules – CFPB Protecting Us Again

    Published On: September 7, 2013

    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 [...]

  • Credit Card Sold to Debt Collectors

    Published On: September 5, 2013

    Debt buying is really big business – buyers paying three cents on the dollar. Encore Financial, one of the largest credit card debt buyers, paid $562 million for $18.5 billion of debt last year, or [...]

  • Arizona Atty General Warns about another Mortgage Scam

    Published On: September 3, 2013

    Scam letter from Fresh Start, based in New York, requires as much as $5,200 up front from a homeowner. According to the Arizona Attorney General "This is a blatant violation of Arizona law.” Article from [...]

  • BofA Gave Staff Bonuses to Foreclose on Homeowners

    Published On: August 30, 2013

    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 [...]

  • Citigroup to Pay Fannie Mae $968M for Loans

    Published On: August 28, 2013

    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 [...]

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    Sallie Mae Accused of Overcharging Military

    Published On: August 26, 2013

    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 [...]

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    Another Non-Profit Scheme to Steal Homes

    Published On: August 26, 2013

    Keeping Kids in their Home Foundation is a scam. “Someone should never deed their house over to anyone without the bank‘s consent. These guys are predators. It’s just sad and disgusting.” The answer is "yes" [...]

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    Justice Dept & SEC Investigating JP Morgan Chase

    Published On: August 24, 2013

    Obama Fraud Task Force investigates JPMorgan Chase & Co.’s for bank fraud related to mortgage backed securities. The answer is "yes" The criminal investigation of JPMorgan Chase & Co.’s mortgage-backed securities practice is evidence a [...]

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    20% of Consumers Have Credit Reporting Errors

    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 [...]

  • Student Loan Load Kills Entrepreneurism

    Published On: August 22, 2013

    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 [...]