IN RE Baroni: California Court Holds That HELOCS Are Not Negotiable Instruments Under the UCC

IN RE Baroni: California Court Holds That HELOCS Are Not Negotiable Instruments Under the UCC From the Opinion… The HELOC Is Not a Negotiable Instrument Section 104.3104 of Nevada’s Uniform Commercial Code provides that, among other things, “‘negotiable instrument’ means an unconditional promise or order to pay a fixed amount of money.” Nev. Rev. Stat. … Read more

Wall Street Wins Big as Senate Votes to Roll Back Regulation Allowing Consumers to Sue their Banks

“Tonight’s vote is a giant setback for every consumer in this country. Wall Street won and ordinary people lost,” CFPB Director Richard Cordray ~ Wall Street Wins Big as Senate Votes to Roll Back Regulation Allowing Consumers to Sue their Banks Vice President Pence cast a tie-breaking vote late Tuesday to block new regulations allowing … Read more

“A Full-Blown Scandal” – Statement from NYC Comptroller on Mismanagement at Wells Fargo

Statement from NYC Comptroller Scott M. Stringer on New Revelations of Mismanagement at Wells Fargo This is a full-blown scandal — again. It’s unbelievable, outrageous, sad, and yet quintessential Wells Fargo. This isn’t just a corporate debacle. It’s caused real human harm. It’s reflective of a system that Americans feel is rigged against the little … Read more

Who Killed Seth Rich: Complaint – Rod Wheeler Sues Fox News Over ‘Fabricated’ Quotes

Did White House Push for Fake News Story About Seth Rich’s Death to Distract from Russia? The Fox News Channel and a wealthy supporter of President Trump worked in concert under the watchful eye of the White House to concoct a story about the death of a young Democratic National Committee aide, according to a … Read more

Not Fake News: Wells Fargo Forced Unwanted Auto Insurance On 800,000 Borrowers

Wells Fargo Forced Unwanted Auto Insurance On 800,000 Borrowers One year after Wells Fargo was busted in the biggest post-financial crisis scandal, when Warren Buffett’s favorite bank was exposed for fraudulently “cross-selling” bank products, including creating millions of credit cards and bank accounts to its customers that were never requested, and which cost the former … Read more

America’s Top Prosecutors Used to Go After Top Executives. What Changed?

“With its broad historical scope, Eisinger’s book lacks the juicy, infuriating details of “Chain of Title,” David Dayen’s chronicle of foreclosure fraud — another instance of white-collar crime that went largely unpunished… But for someone familiar with the political landscape of the contemporary United States, Eisinger’s account has the ring of truth.” ~ THE CHICKENSHIT … Read more