New Orleans The top court in Massachusetts has now served notice on more pervasive foreclosure fraud in Wall Street’s securitization pools. The court turned back two foreclosures as nothing more than grave dancing by US Bancorp and Wells Fargo, since they could not prove that they actually owned the title when they pulled the plug …
Tag: wells fargo
Debit Charges and Senate Hucksters
New Orleans The Dodd-Frank Financial Reform Act called for the Federal Reserve to put an end to the debit card surcharge padding when that retailers were paying to banks and credit card companies, usually amounting to 44 cents a transaction. New Fed proposals would cap the amounts at 7 to 14 cents, about an 80% …
Bank Conflicts of Interest on Foreclosures and Modifications
New Orleans My god, pinch me! Unbelievably the august New York Times in its editorial today has bellied up to the right side of the bar in pointing out the obvious and long noted (including by me!) conflicts of interests enjoyed by banks in the foreclosure game where they often pretend to be chicken, but …