Go Bid! Signed Copy of Chain of Title by David Dayen Available at Netroots Nation Auction

A signed copy of Chain of Title is one of the items available at the Netroots Nation auction. Good cause, go bid! https://t.co/kmGGvoaxzS — David Dayen (@ddayen) September 26, 2016 Go Bid! Signed Copy of Chain of Title by David Dayen Available at Netroots Nation Auction In the depths of the Great Recession, a cancer … Read more

John Oliver Slams John Stumpf Wells Fargo Chair & Ceo

John Oliver Slams John Stumpf Wells Fargo Chair & Ceo “That’s right: Wells Fargo employees created fake email addresses to enroll customers in hidden accounts, creating PIN numbers the customers didn’t even know existed,” Oliver said. “And hidden fees are bad enough without being hidden inside hidden accounts with hidden PIN numbers made with hidden … Read more

As Banks Continue to Foreclose with False Documents, Men Accused Of Taking Over Vacant Houses To Stand Trial

As Banks Continue to Foreclose with False Documents, Men Accused Of Taking Over Vacant Houses To Stand Trial Jurors are scheduled to hear opening statements Monday in an unusual trial in Cook County criminal court. The defendant is charged with theft of more than a million dollars — in the form of houses, many in … Read more

Five Questions with David Dayen About Foreclosure Fraud, Activism, and Hope

Five Questions with David Dayen About Foreclosure Fraud, Activism, and Hope David Dayen (dday to old-timers at Daily Kos) has been the most single most dogged journalist digging into the massive fraud perpetuated on American homeowners in the last decade, the fraud that almost brought down the global economy. In fact, he wrote the book on it—Chain of … Read more

Polonsky v. Wells Fargo Bank: Wells Fargo Sued for $26 Billion Over Firings for Missed Account Quotas

“Wells Fargo knew that their unreasonable quotas were driving these unethical behaviors that were used to fraudulently increase their stock price and benefit the CEO at the expense of the low-level employees. Although this policy was known to top executives of defendants, plaintiffs, as bankers, were blamed for harm to clients and retaliated against.” ~ … Read more

Lawsuits Claim Banks Failing to Honor Loan Modifications

Lawsuits Claim Banks Failing to Honor Loan Modifications Consumer lawyers in Western Washington say they are seeing increasing instances of banks failing to honor home loan modifications. “It scared the heck out of me. I pretty much lost it because I thought I was going to lose everything,” said Adella King of Enumclaw. King says her … Read more

Gretchen Morgenson: In Wells Fargo’s Bogus Accounts, Echoes of Foreclosure Abuses

In Wells Fargo’s Bogus Accounts, Echoes of Foreclosure Abuses John Stumpf, the chairman and chief executive of Wells Fargo, won a dubious achievement award from one of his interrogators during Tuesday’s scorching hearings on Capitol Hill. The bank’s yearslong practice of opening bogus accounts for customers and charging fees to do so, said Senator Jon … Read more

“YOU SHOULD RESIGN” Elizabeth Warren DESTROYS Wells Fargo CEO For Unauthorized Accounts

“YOU SHOULD RESIGN” Elizabeth Warren DESTROYS Wells Fargo CEO For Unauthorized Accounts Elizabeth Warren DESTROYS Wells Fargo CEO On unauthorized Accounts 9/20/16. Elizabeth Warren, D.-Mass., called on Wells Fargo CEO John Stumpf to step down on Tuesday in an intense examination of the CEO’s role in an unauthorized accounts scandal before the Senate Banking Committee. … Read more