Category: Finances

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 [...]

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 [...]

Student loans subsidized by the government will most likely double to 6.8 percent on July 1, 2013. “Heads I win, tails you lose” is a fraudulent coin toss. Wells Fargo did no better.” According to [...]

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 [...]