Office of the Comptroller of the Currency Promotes National Consumer Protection Week
Office of the Comptroller of the Currency Promotes National Consumer Protection Week WASHINGTON — The Office of the Comptroller of the Currency (OCC) promoted awareness of consumer protection resources during today’s National Consumer Protection Week (NCPW) event on Capitol Hill. “Consumers need timely, useful information to make sound financial decisions and protect themselves from unfair, … Read more
Debtors Prison | Lawmakers Investigating Use of Arrest Warrants Against Debtors that Do Not Pay
Lawmakers investigating use of arrest warrants against debtors Some lawmakers and regulators are probing the use of arrest warrants by the U.S. debt collection industry to recover money owed by borrowers behind on loans, credit card payments, and other bills. Warrants are generally issued for contempt of court after the borrower fails to comply with … Read more
Trashed Out | Chase, Safeguard Properties Clean Out House, Family Heirlooms Gone from Home with NO Mortgage (VIDEO)
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Fraudclosure | Wrongful Foreclosure, Fraud and Deceit… All Allegations at the Center of a Lawsuit Against JPMorgan Chase (VIDEO)
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OCC/FED Press Release | Deadline to Request Review Under the Independent Foreclosure Review Extended to July 31
For immediate release February 15, 2012 Deadline to Request Review Under the Independent Foreclosure Review Extended to July 31 WASHINGTON–People seeking a review of their mortgage foreclosures under the Federal banking agencies’ Independent Foreclosure Review now have until July 31, 2012, to submit their requests. The Office of the Comptroller of the Currency (OCC) and … Read more
Shareholders and Robosigning: Is Wells Fargo Ruling a Portent?
Shareholders and Robosigning: Is Wells Fargo Ruling a Portent? The state and federal regulators who announced the $25 billion foreclosure settlement with five major banks last week aren’t the only folks complaining about robosigning. The exposure of that practice — in which bank representatives, in order to speed up foreclosures, signed thousands of mortgage-related affidavits … Read more
New York | Chief Judge Announces New Foreclosure Court Part in State of Judiciary Speech
Chief judge announces new foreclosure court part in state of judiciary speech ALBANY, N.Y., Feb 14 (Reuters) – A new court initiative will allow all New York homeowners facing foreclosure to obtain legal representation and streamline the process of settling mortgage disputes out of court, Chief Judge Jonathan Lippman said Tuesday during his annual State … Read more
Massachusetts | Bristol County Commissioners Vote to Participate in Suit Against Mortgage Electronic Registration Systems (MERS)
Bristol County commissioners vote to participate in suit against mortgage registration company Estimate MERS cost the county millions TAUNTON —The Bristol County Board of Commissioners moved on Tuesday to file a lawsuit to reclaim millions of dollars from Mortgage Electronic Registration Systems, commonly known as MERS, for allegedly skirting public recording laws at the expense … Read more
Money-Printing, Central Banking Scammers Should be Locked in Prison (VIDEO)
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William K. Black on Financial Fraud (AUDIO)
William Black of University of Missouri-Kansas City and author of The Best Way to Rob a Bank Is to Own One, talks with EconTalk host Russ Roberts about financial fraud, starting with the Savings and Loan debacle up through the current financial crisis. Black explains how bank executives can use fraudulent loans to inflate the … Read more
