CFPB Calls for Comments on Rules for Debt Collectors
Too many people in America these days have been subject to harassing phone calls, threatening letters, and stressful times at the hands of debt collectors. The main law regulating debt collectors is...
View ArticleDebt Collection Practices being Regulated
Government officials seem to finally be taking tougher stances against debt collection practices across the nation. Banks have been offering direct deposit advances, which are very similar to...
View ArticleNew Student Loan Rules for Repayment
New rules put out by the Education Department recently offer some much-needed protection for borrowers. Data released by the department indicates that more than 600,000 borrowers who began repayment in...
View ArticleNew Jersey Foreclosure Future Bleak
Foreclosure levels in New Jersey are the second highest in the nation, according to a report by the Wall Street Journal. New Jersey’s 7% of homes in foreclosure just barely rank behind Florida’s 7.1%...
View ArticleSTUDENT LOAN UPDATES
It has been some time since we have posted to this item on our website. We remain convinced that the aggregate debt accumulated by students, parents, grandparents and family friends through student...
View ArticleBank of America Mortgage Modifications
The United States Department of Justice recently anounced that it had reached a new settlement with Bank of America. As a result of this settlement, Bank of America is resolving many outstanding claims...
View ArticleMortgage Fraud
The Consumer Financial Protection Board(CFPB) recently announced that it has ordered mortgage lender Amerisave Mortgage Corp., to pay $19.3 million for engaging in a bait and switch fraud affecting...
View ArticleRoboCalls are Now Permitted on Student Loans
There is more bad news for student loan borrowers. The student loan debt collectors are now permitted to use robocalls to reach student loan borrowers. This action was authorized by a provision of the...
View ArticleHanna & Associates Forced to Settle
Over the many years we have been representing consumers in bankruptcy and debt collection matters we have repeatedly seen lawsuits brought by Hanna & Associates. Many times our clients had no...
View ArticleCorinthian College ordered to Pay Damages
The news media recently reported that Corinthian College, which also operates Heald College and WyoTech was recently found by a Federal Judge to have committed deceptive acts and practices by...
View ArticleMortgage Fraudster Sent to Jail
A recent item in Newsday reports that Aaron Wider, a mortgage broker who lured people into mortgages which they could not pay, has been sentenced to 30 years in prison. It is about time that those who...
View ArticleWells Fargo Settles Fraud Claims with Government
The New York Times today reports that Wells Fargo has settled claims that it defrauded the government by processing mortgage loans for certain low income individuals whom Wells knew did not qualify for...
View ArticleHSBC Settles Mortgage Abuse Claims with US DOJ and States
A recent press release issued by the United States Department of Justice reports that the Justice Department and other federal agencies along with almost every State Attorney General have reached a...
View ArticleWhat Category Interests You?
Please select a category from the list below in order to view the posts most relevant to your interests. Please note that some posts appear in more than one category. If you choose not to pick a...
View ArticleNew Jersey had second highest Foreclosure Spike in US in October
While many financial pundits are talking about ‘recovery’, things are still rocky on the housing front. New Jersey had the second highest initial foreclosure filings in the nation in October, with...
View ArticleBorrowers are Being Illegally Barred from Making Income Based Payments on...
Unfortunately, in this day and age, student loans are a necessary evil that nearly every college student has to indulge in – and now the process of repaying those loans has gotten even more...
View ArticleMortgage Modifications Live On Into 2017
There have been recent reports in the press that the mortgage modifications programs are all set to expire at the end of 2016. While it is true that the HAMP program is expiring, Fannie Mae and Freddie...
View ArticleDeVry University Settles Lawsuit for $100 M to Cover Students’ Loans and Tuition
Last week the Federal Trade Commission announced that DeVry University had settled a major lawsuit that alleged the University put out false advertising claiming that their graduates found employment...
View ArticleCompany Charged with Fraud in Foreclosure Bailout Scam
A complaint filed in Superior Court alleges that several New Jersey individuals and their companies defrauded potentially thousands of financially strapped people in the state, according to a release...
View ArticleCredit Bureaus Get Fined for Shady Practices
The New Year found the U.S. Consumer Financial Protection Bureau (CFPB) ordering two credit reporting agencies to pay more than $23.2 million in fines and restitution for deceiving consumers about...
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