New Orleans     Based on our experience with several class action suits, ACORN has come to know a little something what is called cy pres money. Cy pres comes from the French expression “cy pres comme possible” meaning “as near as possible.” The derivation comes from the law of charitable trusts and how assets are …

New Orleans     In negotiating with sub-prime companies and mortgage lending servicers and bankers, I have occasionally made the joke about one of the longest weeks of my life was one day in Orange County when several California ACORN leaders, the director of the ACORN Financial Justice Center, the director of counseling for ACORN Housing, …

New Orleans     A signature effort of the campaign conducted by ACORN with tax preparers over the last 4-5 years has been to either eliminate Refund Anticipation Loans (RALs) and similar products from the marketplace or failing to do that, reduce the predatory pricing that drives the product. In our the agreements to settle this …