Wall Street thanks you for your service, Tim Geithner First the treasury secretary propped up the big banks with public spending. Then he backed their …
Usury Laws Are Dead. Long Live the New Usury Law. The CFPB’s Ability to Repay Mortgage Rule The CFPB has come out with its long …
Paying the Price of Settlements, but Often Deducting It THE numbers seem eye-popping. So many billions here for supposed mortgage abuses, so many billions there …
Mortgage Deals Came Just in Time Major banks pushed to complete an $8.5 billion legal settlement with federal regulators this past weekend so they could …
Conduit loan servicing: Who’s who and what’s what? The thing most borrowers fail to realize about conduit loans is that once a loan has been …
“I wonder why the judiciary will not entertain any legal theory contrary to the position of the banks,” said Cherry, who was not allowed to …
Bill to Amend FDCPA for Attorneys Introduced in U.S. House In the week between Christmas and New Year’s Day, a bill was introduced in the …
Debtor Has Standing to Argue Failure to Comply with Terms of PSA A Michigan state court found that a debtor may oppose foreclosure on the …
Spokane sues Fannie Mae/Freddie Mac The city of Spokane has filed suit against Fannie Mae and Freddie Mac, contending the corporations improperly claimed they were …
Julie Williams, OCC’s Former No. 2, to Join Promontory WASHINGTON — Julie Williams, the former longtime No. 2 at the Office of the Comptroller of …
“Failure of Epic Proportions”: Treasury Nominee Jack Lew’s Pro-Bank, Austerity, Deregulation Legacy Former bank regulator William Black and Rolling Stone’s Matt Taibbi join us to …
Why the Banks Were Thrilled About $8.5B Settlement The banks are thrilled at the latest settlement, confirming yet again their ability to break the law …
Bair: Geithner’s Appointment Was `Punch in Gut’ Jan. 11 (Bloomberg) — Former Chairman of the FDIC Sheila Bair talks about President Barack Obama’s nomination of …
Consumer Financial Protection Bureau Issues Rule to Protect Consumers from Irresponsible Mortgage Lending Rule Requires Lenders Ensure Borrowers Have the Ability to Repay Their Mortgage …
“Victorville was a fucked up wreck, but it was also a very familiar fucked up wreck—a microcosm of Modern America, a well-oiled system that’s built …
It Isn’t Just Guns or Mental Health By George Mantor “No one wins; it’s a war of man”. Neil Young. In a strange sort of …
