October

Blog Posts in October, 2013

  • Bank of America Liable For Mortgage Fraud

    On October 23, 2013, Bank of America was found liable for civil fraud in a federal lawsuit filed in New York. The U.S. Department of Justice brought the suit against B of A based on bad home loans sold to Freddie and Fannie. The loans, which were ...
  • Over the last two weeks, we have seen the Too Big To Fail banks agree to some rather large settlements for a wide variety of lawsuits. Currently, the JP Morgan Chase proposed $13 billion settlement is the largest. Chase was sued by New York Attorney ...
  • Updates on the National Mortgage Settlement

    Early in 2012, five banks agreed to a $25 billion mortgage settlement after being accused of a number of improprieties resulting in the nationwide foreclosure crisis, including failing to negotiate in good faith with homeowners. The settlement funds ...
  • The Telephone Consumer Protection Act, Consent, And You

    In general, when you apply for a credit card, an automobile loan, or a home loan, you are consenting to being called by the creditor. Most creditors use automated phone dialing systems to call their customers. Auto dialers allow a customer service ...