by Ryan Smith14 Aug 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. …
Tag: Federal Fair Debt Collections Practices Act
Wells Fargo has already admitted to charging people for overdrawing bank accounts that they didn’t have and for car insurance that they didn’t need. Now, it’s being accused of ripping off vulnerable mom-and-pop businesses. For several years, Wells Fargo’s merchant services division overcharged small businesses for processing credit card transactions, a lawsuit alleges. Business owners who …
Wells Fargo accused of ripping off small businesses
Well, it’s been a few days, so that must mean it’s time for the latest Wells Fargo scandal. The nation’s largest mortgage lender, which has been rocked by damaging revelations on a fairly regular basis for the last few months, is now being accused of ripping off mom-and-pop businesses. According to a lawsuit filed in …
Citigroup to Pay $130 Million to End Libor Rigging Lawsuit in U.S.
With an aim to move past the litigation issues, Citigroup Inc. C agreed to resolve a private U.S. antitrust lawsuit that accused it of rigging London Interbank Offered Rate (LIBOR). The company will be paying $130 million to settle the case, without admitting any wrongdoing. This news was reported by Reuters. http://www.nasdaq.com/article/citigroup-c-resolves-libor-manipulation-case-to-pay-130m-cm828508
The power of customer intelligence
by Ryan Smith09 Aug 2017 Most Read Straight Up with Jocelyn Predovich: The Truth about FHA 203k LoansThe FHA 203k loan program provides home buyers the opportunity to buy and fix up a property, without exhausting their personal savings. Eight Habits & Traits of Successful Mortgage Originators The bane of the mortgage industry is the …
Immigrants denied credit by Wells Fargo may sue bank, judge says
NEW YORK (Reuters) – Young immigrants denied credit by Wells Fargo Bank because they are not permanent U.S. residents can sue the bank under a post-Civil War law barring discrimination on the basis of immigration status, a federal judge ruled. In a decision on Thursday, U.S. District Judge Maxine Chesney in San Francisco rejected Wells …
Nationstar posts $20 million Q2 loss
by Ryan Smith04 Aug 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. …
Ocwen posts $44.4 million loss as legal, regulatory costs add up
by Ryan Smith03 Aug 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. …
Borrowers sue Wells Fargo over paid-off mortgage interest
Wells Fargo Bank has been hit with a proposed class action accusing it of collecting tens of millions of dollars from Texas borrowers who paid off their mortgages early without providing required disclosures about how to avoid the charges. Filed on Tuesday in Oakland, California federal court, the lawsuit said Wells Fargo collected interest for …
CFPB cracks down on hidden payment fees
by Ryan Smith02 Aug 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. …