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Foreclosure Deadline Nears for South Florida Cases Filed in 2008 22 Aug 2013 | 11:05 pm
Thousands of Florida foreclosure cases have for years been dragging on at a snail's pace. As banks sort through mountains of muddled paperwork, borrowers have been left in a kind of financial purgator...
New Mortgage Fraud Evidence Revealed in Unsealed Court Documents 20 Aug 2013 | 10:24 pm
President Obama recently urged an overhaul of the country's decades-old mortgage finance system, winding down the government-backed Fannie Mae and Freddie Mac and instead essentially giving the privat...
Eminent Domain Mulled by Municipalities to Cope With Foreclosure Glut 12 Aug 2013 | 05:56 pm
A glut of foreclosures in communities from Miami to San Francisco has become a source of blight and decreased property values. Banks have not shown ambition in addressing this problem, sometimes evic...
Third-Party Debt Sales Halted By Wells Fargo Amid Heightened Scrutiny 10 Aug 2013 | 11:31 pm
In a move that mirrors that JPMorgan Chase's dramatic freeze on credit card debt sales activities, sources close to Wells Fargo are saying that it too has chosen to halt sales of credit card debt to t...
More Foreclosures as Homeowners Redefaulting on Modified Loans 8 Aug 2013 | 06:10 pm
Scores of homeowners are once again facing foreclosure in Miami and across the country, even after receiving home loan modifications, calling into question the effectiveness of the program and oversig...
Know Your Consumer Rights When Debt Collectors Pounce 6 Aug 2013 | 06:55 pm
As financial regulators in New York have announced the intention to implement more stringent standards to curb widespread debt collection abuses in the state, people across the country are continuing ...
CFPB Wants Consumers, Debt Collectors, to be Educated 4 Aug 2013 | 07:50 pm
The federal Consumer Financial Protection Bureau this month has taken several actions in an effort to cut down on unfair business practices in the realm of debt collection. Miami consumer rights lawy...
Bank of America and Wells Fargo Mortgage Violations Draw State AG's Ire 2 Aug 2013 | 11:48 pm
Last year, officials with Bank of America and Wells Fargo were among several others that shook hands with attorneys general from 49 states, agreeing to pay a total of $26 billion and enact certain mea...
Combating Abusive Debt Collection Practices a Top FTC Priority 31 Jul 2013 | 10:53 pm
In testimony recently given to the Senate Subcommittee on Banking, Housing and Urban Affairs, representatives with the Federal Trade Commission underscored the importance of tackling unlawful debt col...
Another Settlement About to be Paid By Chase, The "Good" Bank 27 Jul 2013 | 10:11 pm
At the height of the financial crisis, the curtain was pulled back on the ugly practices of the financial sector to reveal unfair and deceptive actions by some of the country's largest and, at the tim...
