Here’s Another Way Wells Fargo Took Advantage of Customers

Wells Fargo, the largest mortgage lender in the country, portrays itself as a stalwart bank that puts customers first. That reputation shattered in September, when it was fined $185 million…

CFPB Orders TransUnion and Equifax to Pay for Deceiving Consumers in Marketing Credit Scores and Credit Products

Credit Reporting Companies Misstated the Cost and Usefulness of the Credit Scores and Products They Sold, Lured Consumers into Costly Recurring Payments JAN 03, 2017 WASHINGTON, D.C. – The Consumer…

CFPB Orders Prospect Mortgage to Pay $3.5 Million Fine for Illegal Kickback Scheme

Real Estate Brokers and Mortgage Servicer That Took Kickbacks from Prospect Also Ordered to Pay $495,000 JAN 31, 2017 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took…

New Treasury Secretary Pick Outlines Plans for Dodd- Frank

Hedge fund manager and former Goldman Sachs partner Steven Mnuchin confirmed to CNBC on Wednesday morning that President-elect Donald Trump has nominated him for the position of Secretary of the U.S….

Florida Attorney Facing Felony Counts Connected to Foreclosure Fraud

First, Constantine “Chuck” Kalogianis was facing potential disbarment. Now, the well-known Pasco County, Fla., attorney and onetime congressional candidate is battling criminal charges for allegedly doctoring foreclosure documents. Kalogianis, 53,…

Fannie Mae Bans the Use of Plywood on Pre-Foreclosure Properties

The progress that clear boarding has made over the last few years when it comes to replacing plywood as the go-to method for securing vacant homes has been steadily picking…

Unmarried Couples Get a Double Mortgage Interest Deduction: IRS

A year ago, a divided Ninth Circuit reversed the Tax Court in Voss v. Commissioner, allowing two unmarried co-owners of real property to each claim a home mortgage interest deduction….

Wells Fargo Agrees To Pay $50 Million For Overcharging 250K Homeowners On Mortgages

Wells Fargo agreed to pay $50 million dollars in response to a lawsuit that alleges the firm was overcharging hundreds of thousands of its customers for appraisals of their defaulted…

Wells Fargo Just Got Hit With The Biggest Fine In CFPB History

The government has fined Wells Fargo $185 million for issuing hundreds of thousands of credit cards to customers without their knowledge and opening more than a million bank accounts without…