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...
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...
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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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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