Woman wins $18.6 million for two-year battle over credit report

by s1manager | Jul 29, 2013 | Latest News

A federal jury in Oregon awarded $18.6 million to a woman who spent several years in a futile attempt at trying to get Equifax Information Services to correct major mistakes on her credit report. Julie Miller of Marion County was awarded $18.4 million in punitive...

Feds now will help resolve debt collection complaints

by s1manager | Jul 10, 2013 | Debt Collector Harassment, Latest News

The  Consumer Financial Protection Bureau (CFPB) announced that it is now taking complaints from consumers concerning debt collectors.  This new initiative from the federal government is to help curb some of the abusive tactics of debt collectors in our country.  ...

Former Bank of America employees were instructed to mislead home loan customers for gift cards and bonuses

by s1manager | Jun 28, 2013 | Latest News

Six former Bank of America employees have filed a class action lawsuit alleging the bank instructed them to mislead home loan customers and gave workers Target and Bed Bath & Beyond gift cards and $500 monthly bonus checks for placing 10 or more accounts in...

Bank of America Lied to Homeowners and Rewarded Foreclosures, Former Employees Say

by s1manager | Jun 21, 2013 | Consumer Protection, Latest News, Mortgage/Foreclosure Cases

Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.  The employee statements...

Bank of America sued by U.S. for Fraud

by s1manager | Oct 26, 2012 | Latest News

Bank of America faces steep penalty for Countrywide’s transgressions Ben Protess writes in the New York Times (10/26, Protess, Subscription Publication, 1.23M) “DealBook” blog, “When Bank of America bought Countrywide Financial, the subprime...

Foreclosure settlement

by s1manager | Oct 25, 2012 | Latest News, Mortgage/Foreclosure Cases

BREAKING NEWS: This concerns borrowers who lost their homes to foreclosure between Jan. 1, 2008 and Dec. 31, 2011. Cash payments will be distributed to borrowers who receive and return a claim form. There is no requirement to prove financial harm and borrowers will...