July

Blog Posts in July, 2015

  • The Consumer Financial Protection Bureau recently released a list of the most complained-about financial services companies. While companies like Bank of America and Wells Fargo appear in the top five, the rest of the top five is dominated by credit ...
  • Hammer's $2 Million Verdict

    On April 20, 2015, after a six-day trial at the Everett McKinley Dirksen United States Court House in Chicago, Illinois, Alena Hammer was awarded a total of $2 million in damages from Residential Credit Solutions, Inc. (RCS), a national mortgage loan ...
  • Strategic Default: What Is It and Can It Help Me?

    Strategic default can be useful to relieve yourself of the burdens of a mortgage while minimizing the negative consequences. Let’s say that the home you purchased turned out not to be such a sound investment—it may be time to walk away ...
  • The National Consumer Law Center (NCLC) has issued recommendations to the CFPB that would further regulate when and in what manner debt collectors can contact consumers. One recommendation is to prohibit debt collectors from calling cell phones or ...
  • ke The OCC's latest Semiannual Risk Perspective says that out of the nine largest home equity lenders face a big problem from 2015 to 2017—the resetting of $131 billiion in home equity lines of credit (HELOC). When a HELOC comes due, it may ...