by Ryan Smith18 Sep 2017 Most Read The Many Ways to Be Relieved of Your Timeshare ObligationsWhile it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. …
How JPMorgan Chase Is Cashing In On Private Prisons
National Memo: Chase CEO Jamie Dimon is increasingly vocal in public about his newfound ethical concerns. He made a very public statement distancing himself from President Trump over Trump’s failure to condemn white supremacy in Charlottesville, Virginia. He has also described himself as “pro-immigrant”: an opinion that is hard to square away against his roles as a …
Trump nominates former FHA head to resume post
by Ryan Smith14 Sep 2017 Most Read The Many Ways to Be Relieved of Your Timeshare ObligationsWhile it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. …
Mortgage delinquency rate edges lower on home price, job growth
by Francis Monfort14 Sep 2017 Most Read The Many Ways to Be Relieved of Your Timeshare ObligationsWhile it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. …
Wells Fargo is facing law suits for discriminating against blacks and Latinos in Philadelphia
Janice Rivers found her dream home on Souder Street in northeast Philly. The 52-year-old teacher’s assistant for the Philadelphia School District bought the two-floor condominium in the winter of 2001 for $66,000. It had everything she was looking for: two spacious bathrooms, a deck for barbecuing, and a finished basement large enough to act as …
Iowa Attorney General investigating Wells Fargo over unauthorized accounts
The Iowa Attorney General’s Office is investigating Wells Fargo after its employees opened up millions of unauthorized accounts. “I think it’s pretty clear that opening accounts in people’s names without their authorization or knowledge would be an unfair, deceptive act or practice,” said Assistant Attorney General Patrick Madigan, who works with the office’s Consumer Protection …
Lenders limited to one foreclosure proceeding per property
A mortgage company can’t bring a second foreclosure action against a borrower after losing a similar foreclosure in the court system, Maine’s supreme court ruled. The court on Thursday unanimously upheld a ruling against mortgage giant Fannie Mae, which tried to launch a second foreclosure on a property in Lincoln after a judge threw out …
JPMorgan’s big secret is that their mortgage securitization operation was the same as everyone else’s
Four years ago, JPMorgan Chase reached a then-record settlement with the Department of Justice after, among other things, the bank received a copy of a U.S. attorney’s draft complaint documenting its alleged role in underwriting fraudulent securities in the years leading up to the 2008 financial crisis. Following the bank’s $13 billion financial agreement, the …
Wells Fargo May Have Lied To Congress About Fraudulent Auto Loans, Consumer Coalition Says
On August 31, just hours after Wells Fargo revealed that employees had created at least another 1.4 million unauthorized consumer accounts, a coalition of 33 consumer groups fired off a letter to two congressional banking committees charging the bank may have lied to Congress last year about its fraudulent auto insurance sales. The coalition, led …
Wells Fargo defrauded the government during financial crisis: suit
More bad news for Wells Fargo. A Manhattan federal appeals court on Thursday revived a whistleblower suit against the beleaguered bank, reviving allegations by two former employees that Wells hid billions in losses and defrauded the federal government during the financial crisis. The former employees also claim they were fired when they brought the alleged …