New Orleans More than a decade ago I spent a lot of time with Joel Rogers, longtime professor of law, sociology, and political science at the University of Wisconsin, analyzing the fact that cities and metro areas were still the last bastions of union strength, and that was where we needed to make our stand. Some …
Category: Financial Justice
Employer Facilitated Workplace Loans Skirting Payday Loan Restrictions
New Orleans A bunch of payday lenders skirted state by state bans on payday lending by offering their predatory products directly through the internet. New York State and some others are suing to stop these practices, but as soon as one snake’s head is cut off, another one seems to crop up and one of the …
Ocwen, the Mortgage Loan Servicer, Pays $2.2 Billion for its Mess
New Orleans I found myself shaking my head reading that Ocwen, the giant mortgage loan servicer, had finally been brought to the bar and agreed to pay out $2.2 billion for making a mess of mortgages they were servicing for all of the banks from 2009 to 2012. For the homeowners caught in the crossfire …