News

January 11, 2011 | Filed under: Debt Collection

 The West Virginia Consumer Credit and Protection Act Provides Consumers with a cause of actuin against any person violating prohibited debt collection practices. Any ambiguity in the remedies provisions must be resolved in favor of providing consumers with a cause of action.
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January 6, 2011 | Filed under: Credit Reporting

Source: Tess Vigland, Marketplace at PublicRadio.org
 

Why do consumers carry a credit card balance when they know they shouldn't? Commentator Ira Rheingold says when it comes to money, knowledge won't guarantee you'll make smart financial moves.
Ira Rheingold is...

December 30, 2010 | Filed under: Mortgage, Real Estate & Housing

Source: HuffingtonPost.com
 

Yet another nightmare story has emmerged involving a mistaken foreclosure. Bank of America reportedly put a Connecticut family's home in foreclosure despite the fact that the couple never missed a payment -- and was actually in the process of...

December 29, 2010 | Filed under: Mortgage, Real Estate & Housing

Source: National Mortgage Professional Magazine
 

In response to proposed changes to home lending rules from the Federal Reserve Board (FRB) that not only exceed its authority, but could actually encourage predatory lending targeted at the elderly, a group of consumer advocates...

November 28, 2010 | Filed under: Debt Collection

Source: Jessica Silver-Greenberg, WSJ.com

Glynis Martin, a 56-year-old New York social worker, started struggling to keep up with her credit-card bills about five years ago as the mortgage on her Bronx apartment ate up most of her paycheck.

Pretty soon debt-collection calls became...

November 28, 2010 | Filed under: Class Actions

Source: Danny Jacobs, Daily Record Legal Affairs Writer

Patience is a necessity for the consumer class-action lawyer. Cases lasting years are the norm, and discovery can involve a warehouse full of documents. Then there are the defendants, who can be the biggest names in industry.

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November 19, 2010 | Filed under: Mortgage, Real Estate & Housing

Source: Ariana Eunjung Cha and Brady Dennis, The Washington Post

The financial services industry has launched an aggressive campaign on Capitol Hill to bolster the legality of the way companies have turned mortgages into securities and traded them across the globe in recent years.

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