Wednesday 4th December
Home » Archives
Wells Fargo’s Tolstedt Did Exactly What She Was Supposed to Do
Written on 13 Sep, 2016 at 5:15
See, I thought that working at a bank like Wells Fargo would mean having to persuade customers to open new accounts. So, obviously I'm no Carrie Tolstedt.... (Continue reading)
More Consumers Confused by Role of CFPB than Reverse Mortgage Ads
Written on 17 Jun, 2015 at 13:08
The Consumer Financial Protection Bureau (CFPB) recently conducted a focus group at which they showed reverse mortgage ads, concluding the ads are misleading... but, so what? ... (Continue reading)
Finally, Florida & Connecticut AGs Shut Down Mass Joinder Lawsuit Scams
Written on 12 Aug, 2014 at 9:15
The real danger of mass joinder lawsuit scams is that the homeowners wouldn't find out for several years that they'd been scammed, when finally a court dismissed their suits, and they were harder for authorities to police and shut down... (Continue reading)
Homeowner Alert: Scammer Masquerades as Bank, Offers Fake Loan Mods
Written on 22 Feb, 2014 at 1:20
Now there are scammers masquerading as banks, offering FAKE LOAN MODIFICATIONS... and if that weren't bad enough, the fake mods require homeowners to pay thousands of dollars for nothing.... (Continue reading)
I Don’t Care How Much You’re Saving for College… It’s Not Enough
Written on 9 Sep, 2013 at 9:20
Recent estimates are that American consumers owe over $1.1 trillion in such student loan debt, and one look at the cost of college tuition makes it easy to see why. They say the average graduate is coming out of... (Continue reading)
The National Debate Over Loan Modification Re-defaults is Stupid
Written on 30 Jul, 2013 at 8:45
Not surprisingly, the combined effect of the three high-profile reports on borrower performance after having their loans modified, made headlines that have sparked a national debate... yet again. It was a stupid debate back in 2009, and it's an even... (Continue reading)
Attention Homeowners & Lawyers: AG Mortgage Settlement Launches Online Complaint Sites
Written on 11 May, 2012 at 7:02
I for one am glad to see that this country is finally taking the foreclosure crisis seriously and that my tax dollars are being put to good use, and I really do hope that everyone take advantage of the new... (Continue reading)
The Stalinist Era of Consumer Protection
Written on 12 Dec, 2011 at 15:58
Now, when right in front of our eyes, the banking lobby is pushing to make the only federal agency whose role is to protect consumers entirely toothless, once again we're failing to make our voices heard. I know this... (Continue reading)
Please Call the White House Today for Elizabeth Warren… Here’s the Number and a Script. Please Call.
Written on 9 Jun, 2011 at 14:06
I had the privilege of meeting Elizabeth Warren about a month ago when she was in San Diego and here are a few of the things she said to me... I wrote them down at the time so I'd have... (Continue reading)
Elizabeth Warren Battles With GOP Over CFPB
Written on 26 May, 2011 at 7:29
How can ANYONE support today's Republicans in the House of Representatives or United States Senate? How can they think anyone will after seeing their behavior related to the Consumer Financial Protection Bureau ("CFPB")? ... (Continue reading)
Republicans Leap to the Aid of Banker-Servicers Over AG Settlement Proposal
Written on 10 Mar, 2011 at 9:52
But, unquestionably, the best part of Senator's Shelby's largely unintelligible rant, was when he threw down the "don't fine them or there'll be no lending" card. He draws that card like a gun, doesn't he? He even sounds... (Continue reading)
Federal Regulators to Bring Enforcement Actions Against Banks… May Get Rid of Hot Towels in Washroom
Written on 17 Feb, 2011 at 11:27
You know what... go to hell. How about the servicers offer "enhanced, streamlined modifications to troubled borrowers" just because it's the right thing to do? How about the servicers do it because although they can never come close... (Continue reading)
Geithner Won’t Quit in Battle Over Elizabeth Warren – WE NEED YOU NOW!
Written on 1 Jan, 2011 at 12:49
I didn't realize it was liberal to want to see someone put a stop to the kind of abusive lending behavior that has stripped the middle class of just about everything they had. I guess conservatives are now the... (Continue reading)
Well, Would You Look at That: Elizabeth Warren Might Be Replaced by a Bank Lobbyist
Written on 11 Nov, 2010 at 5:35
So, take a few minutes and write to your elected representative about this. No one else, unless you feel like it, just your person in Congress. Tell them this line of thought is unacceptable, that we want Elizabeth... (Continue reading)
Bringing Up the Rear: Senator Christopher J. Dodd
Written on 19 Sep, 2010 at 17:20
Now that Elizabeth Warren has been appointed to the post, albeit temporarily, support her with whatever support you can offer, Senator Dodd. Let the ones that oppose Elizabeth Warren stand naked in the light. And the American consumer....... (Continue reading)
Elizabeth Warren’s Appointment In Jeopardy-We Have to Act Now
Written on 23 Jul, 2010 at 5:37
Elizabeth Warren's appointment to the Consumer Financial Protection Bureau, the agency she conceived of and has lobbied for since 2007, is by no means assured, and in fact, sources on The Hill say they don't think Warren will get the... (Continue reading)
Elizabeth Warren or Bust, I’m Drawing the Line
Written on 18 Jul, 2010 at 5:11
Ms. Warren should unquestionably be asked to head up this new Consumer Financial Protection Bureau, bribed, begged and/or pleaded with, if need be. Without her philosophy and leadership setting the standards and tone of this new bureau as it... (Continue reading)