Wall Street’s New Slumlords Under Fire from Tenants Nationwide

Wall Street’s New Slumlords Under Fire from Tenants Nationwide Bruce Nicholson and Lisa Daspit thought they had found the perfect house. They spotted it from the car — a bright yellow bungalow with white trim, partially hidden from the street by an array of palm trees on the lawn — while exploring a favorite neighborhood … Read more

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

Hurricanes Could Bring Another Disaster: Foreclosures

Hurricanes could bring another disaster: Foreclosures As life slowly returns to normal in hurricane-ravaged parts of Texas, Florida and Puerto Rico, housing experts and consumer advocates worry another crisis is on the horizon: Foreclosures. Already, legal aid groups are working with people who are struggling to make mortgage payments on homes made uninhabitable by the … 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

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