514 Views November 11, 2019 Be first to comment
The CFPB alleges that the Mortgage Law Group (TMLG) and Consumer First Legal Group (CFLG) took in over $19.2 million in fees from over 10,000 distressed homeowners nationwide, with…
709 Views November 11, 2019 Be first to comment
There is a tendency in America toward predatory capitalism. And there’s nothing more destructive to society than the idea that the only thing that matters is money. Because that’s…
702 Views November 5, 2019 Be first to comment
The ABA, recognizing the urgency and timeliness of these issues, has chosen “Free Speech, Free Press, Free Society” for this year’s Law Day theme. ABA President Bob Carlson notes…
661 Views November 2, 2019 Be first to comment
Foreclosure King and Real Estate Investor, and current US Treasury Secretary Steve Mnuchin takes charge of ensuring all corporate 'fat cats' get to screw America and pay low or…
659 Views October 30, 2019 Be first to comment
LIT Editor's Comment: If this passes, it is a Disaster for Democracy. Securitization is for making the bankers and the rich, more wealthy off the back of the average…
651 Views October 30, 2019 Be first to comment
“More generally: do you (Steve Mnuchin) see your job as protecting the interests of the entirety of the American people or a handful of plutocrats and personal friends?” Pascrell…
662 Views October 28, 2019 Be first to comment
The Federal Reserve was the first to suggest that private equity firms were the one group with cash on hand to invest in foreclosed homes (Bernanke, 2012).
799 Views October 21, 2019 Be first to comment
‘Deutsche’s conduct was among the worst'; On the eve of the financial crisis, Deutsche Bank was the world’s third-largest issuer of residential mortgage-backed securities. The bank later admitted that…
414 Views October 20, 2019 Be first to comment
A report out this week from the watchdog group Allied Progress showing more than half the members appointed to a separate 12-person CFPB advisory board have ties to the…
636 Views October 19, 2019 Be first to comment
Like many of Deutsche Bank’s dealings with Trump, that loan remains shrouded in mystery; it’s unclear how much of the balance on the loan remains outstanding, or when it…
440 Views October 19, 2019 Be first to comment
Bryan Cohen, a Goldman Sachs Vice President, leaked nonpublic information for almost three years in exchange for cash as part of an international insider trading scheme that led to…
422 Views October 16, 2019 Be first to comment
After careful review, we find that none of Ocwen’s statements rises to the level of an actionable misrepresentation of material fact. Some statements are immaterial puffery, some are mere…
538 Views October 12, 2019 Be first to comment
Under federal banking regulations, there is a two-year limit on banks maintaining possession of a foreclosed property. The rules stipulate that banks can apply for an annual exemption that…
437 Views October 12, 2019 Be first to comment
It’s great to read that the Burkes’ suggestions in their intervenor application are being put forward by a Representative. The CFPB is not a School, it was setup as…
702 Views October 11, 2019 Be first to comment
An attorney for the Banc of California told a judge Thursday that his client is seeking a default judgment against the former son-in-law of President Donald Trump’s former campaign…
810 Views October 11, 2019 Be first to comment
In the case of Powe v. Deutsche Bank National Trust Co., the 3-Panel issued a “Single Word” Opinion. The 5th Circuit Are in Breach of Every Possible Ethical Rule…
402 Views October 10, 2019 Be first to comment
As U.S. banks got stronger and their European rivals weakened, client loyalties began to change.
694 Views October 9, 2019 Be first to comment
As the Supreme Court returns from its summer vacation, Donald Trump was rudely reminded that he is neither king nor sovereign, and that a sitting president is not immune…
516 Views October 9, 2019 Be first to comment
The head of Trump’s White House staff is lying low — an approach being adopted by a wide swath of Trump aides paralyzed by an all-consuming fight.
545 Views October 8, 2019 Be first to comment
Mnuchin’s abuse of corporate positions of power stretches back at least a decade, as evidenced by the validated charges of foreclosure misconduct against OneWest.
497 Views September 21, 2019 Be first to comment
“I don’t see anything in here that says I have to run a Yelp for financial services sponsored by the federal government,” President Donald Trump said at a banking…
560 Views September 18, 2019 Be first to comment
The House Oversight and Reform Committee on Monday launched an investigation into Transportation Secretary Elaine Chao over whether she is using her office to benefit herself and her family.
307 Views September 18, 2019 Be first to comment
“I feel as though, due to my current financial situation and obligations to my family, I am being coerced into resigning. So effective immediately I will be vacating the…
697 Views September 13, 2019 Be first to comment
"If President Trump would like to avoid the case going further and curtail the serious harms caused by his unconstitutional conduct, now would be a good time to divest…
