FORECLOSURE FRAUD | by DinSFLA
Eight of world’s biggest banks to settle cartel case with Brussels

Eight of world’s biggest banks to settle cartel case with Brussels

20 November 2017

Irish Times- Eight of the world’s largest banks are set to discuss financial settlements with the European Commission, drawing a line under a four-year probe into allegations that they formed a cartel to rig the €4.5 trillion global foreign-exchange market. UBS, Royal Bank of Scotland, JPMorgan Chase, Citigroup, Barclays, HSBCand two other banks are gearing up to negotiate settlements […]

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Banks delayed foreclosures to influence discussion of Dodd-Frank, paper finds

Banks delayed foreclosures to influence discussion of Dodd-Frank, paper finds

20 November 2017

Market Watch- In 2009-2010, the housing crisis was at its worst: an average of nearly 300,000 new foreclosures were started every month during those two years. But those numbers should have been higher, according to a paper released in October. Banks that serviced delinquent mortgages held off on starting foreclosure proceedings on loans located in […]

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Woman Says Bank Foreclosed On Her Home Despite Making Mortgage Payments

Woman Says Bank Foreclosed On Her Home Despite Making Mortgage Payments

20 November 2017

CBS- Imagine paying your mortgage on time every month, and your bank takes your home away anyway. It may not make any sense, but this mortgage mess is happening. Holidays, birthdays, baby’s first steps — since 2004, Kim Shibles’ beloved Erma, New Jersey home has been the backdrop for everything. “I would like to have back what they took,” she told […]

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TFH 11/19 | Rebroadcast of Foreclosure Workshop #23: Special Checklist of Twenty Proven Ways of Bulldozing Through a Foreclosing Mortgagee’s Dismissal and Summary Judgment Firewalls

TFH 11/19 | Rebroadcast of Foreclosure Workshop #23: Special Checklist of Twenty Proven Ways of Bulldozing Through a Foreclosing Mortgagee’s Dismissal and Summary Judgment Firewalls

18 November 2017

COMING TO YOU LIVE DIRECTLY FROM THE DUBIN LAW OFFICES AT HARBOR COURT, DOWNTOWN HONOLULU, HAWAII LISTEN TO KHVH-AM (830 ON THE AM RADIO DIAL) ALSO AVAILABLE ON KHVH-AM ON THE iHEART APP ON THE INTERNET . . Sunday – November 19  ——————— Rebroadcast of Foreclosure Workshop #23: Special Checklist of Twenty Proven Ways of […]

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Wall St. traders secretly used chat rooms to rig Treasury bond prices: suit

Wall St. traders secretly used chat rooms to rig Treasury bond prices: suit

16 November 2017

NY POST- Wall Street banks secretly shared client information in online chat rooms in order to rig auctions for the $14 trillion US Treasurys market, according to an explosive lawsuit filed in Manhattan federal court on Wednesday. The move wrongly fattened the banks’ profits and picked profits from clients, the suit claims. The new accusations, […]

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Richard Cordray Stepping Down As Head Of U.S. Consumer Protection Agency

Richard Cordray Stepping Down As Head Of U.S. Consumer Protection Agency

16 November 2017

NPR- Richard Cordray, the embattled director of Consumer Financial Protection Bureau, announced Wednesday that he will leave the agency by the end of November. “I am confident that you will continue to move forward, nurture this institution we have built together, and maintain its essential value to the American public,” Cordray wrote in an email […]

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Justice investigation into Russian laundering through Deutsche Bank gone quiet

Justice investigation into Russian laundering through Deutsche Bank gone quiet

15 November 2017

CNN- A Justice Department investigation into Deutsche Bank’s role in a $10 billion Russian money laundering scheme has gone dormant months after the bank settled with regulators, according to people with direct knowledge of the investigation. DOJ’s money laundering division along with the US attorney’s office for the Southern District of New York have been investigating the German […]

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Arias v. Gutman, Mintz, Baker & Sonnenfeldt | Win for Consumers: Second Circuit Reverses Debt Collection Suit

Arias v. Gutman, Mintz, Baker & Sonnenfeldt | Win for Consumers: Second Circuit Reverses Debt Collection Suit

15 November 2017

LAW- Attorneys for the plaintiffs in a debt collection suit lauded a decision Monday by the U.S. Court of Appeals for the Second Circuit, calling it a major victory for low-income people facing aggressive and potentially illegal collection practices. In Arias v. Gutman, Mintz, Baker & Sonnenfeldt, 16?2165?cv, the panel of Circuit Judges Guido Calabresi and Raymond Lohier Jr., along with U.S. District […]

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DFS Fines Credit Suisse AG $135 Million for Unlawful, Unsafe and Unsound Conduct in its Foreign Exchange Trading Business

DFS Fines Credit Suisse AG $135 Million for Unlawful, Unsafe and Unsound Conduct in its Foreign Exchange Trading Business

14 November 2017

Press Release November 13, 2017 Contact: Richard Loconte, 212-709-1691 DFS FINES CREDIT SUISSE AG $135 MILLION FOR UNLAWFUL, UNSAFE AND UNSOUND CONDUCT IN ITS FOREIGN EXCHANGE TRADING BUSINESS Credit Suisse Traders Engaged in Efforts to Manipulate Prices, Profited at the Expense of Clients, and Improperly Shared Customer Information Credit Suisse Executives Encouraged Traders to Engage […]

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SEC Fines Wells Advisors $3.5 Million Over Money-Launder Procedures

SEC Fines Wells Advisors $3.5 Million Over Money-Launder Procedures

14 November 2017

Advisor Hub- The ongoing scandal at Wells Fargo & Co. extended to its wealth management unit on Monday as the Securities and Exchange Commission imposed a $3.5 million penalty on Wells Fargo Advisors for anti-money-laundering reporting violations. Without admitting or denying the findings that new managers beginning in March 2012 pressured compliance officials to stop […]

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Wells Fargo settles $5.4 million for repossessing 450 service members’ cars

Wells Fargo settles $5.4 million for repossessing 450 service members’ cars

14 November 2017

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, November 14, 2017 Justice Department Obtains $5.4 Million in Additional Relief to Compensate Servicemembers for Unlawful Repossessions by Wells Fargo Dealer Services The Justice Department announced today that it has obtained an additional $5.4 million for servicemembers whose vehicles were unlawfully repossessed by Wells […]

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MACHLES v. McCABE, WEISBERG & CONWAY, PC, Dist. Court, ED Pennsylvania | activities as a debt collector, which activities are not immunized from UTCPL liability

MACHLES v. McCABE, WEISBERG & CONWAY, PC, Dist. Court, ED Pennsylvania | activities as a debt collector, which activities are not immunized from UTCPL liability

13 November 2017

  ARNOLD MACHLES, AS EXECUTOR OF THE ESTATE OF CHARLES H. KOONS, Plaintiff, v. MCCABE, WEISBERG & CONWAY, P.C., d/b/a MCCABE, WEISBERG & CONWAY, LLC, AND CIT BANK, N.A., d/b/a FINANCIAL FREEDOM, Defendants. Civil Action No. 17-1015.United States District Court, E.D. Pennsylvania.November 7, 2017.ARNOLD MACHLES, Plaintiff, represented by DAVID EUGENE PEARSON. MCCABE, WEISBERG & CONWAY, […]

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Hurricanes could bring another disaster: Foreclosures

Hurricanes could bring another disaster: Foreclosures

13 November 2017

CNN- As life slowly returns to normal in hurricane-ravaged parts of Texas, Florida and Puerto Rico, housing experts and consumer advocates worry another crisis is on the horizon: Foreclosures. Already, legal aid groups are working with people who are struggling to make mortgage payments on homes made uninhabitable by the storms, while paying rent somewhere else. […]

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TFH 11/12 | Veterans Day Special: What Every Homeowner Needs To Know To Emotionally Survive Foreclosure

TFH 11/12 | Veterans Day Special: What Every Homeowner Needs To Know To Emotionally Survive Foreclosure

11 November 2017

COMING TO YOU LIVE DIRECTLY FROM THE DUBIN LAW OFFICES AT HARBOR COURT, DOWNTOWN HONOLULU, HAWAII LISTEN TO KHVH-AM (830 ON THE AM RADIO DIAL) ALSO AVAILABLE ON KHVH-AM ON THE iHEART APP ON THE INTERNET . . Sunday – November 12  ——————— Veterans Day Special: What Every Homeowner Needs To Know To Emotionally Survive […]

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Justice Department Sues Northwest Trustee Services, Inc. in Bellevue, Washington, for Illegally Foreclosing on Homes of at Least 28 Servicemembers

Justice Department Sues Northwest Trustee Services, Inc. in Bellevue, Washington, for Illegally Foreclosing on Homes of at Least 28 Servicemembers

09 November 2017

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, November 9, 2017 Justice Department Sues Northwest Trustee Services, Inc. in Bellevue, Washington, for Illegally Foreclosing on Homes of at Least 28 Servicemembers The U.S. Department of Justice today filed a lawsuit in U.S. District Court for the Western District of Washington, alleging that […]

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Judge: ‘I’ve never seen such horrible treatment’ of a homeowner

Judge: ‘I’ve never seen such horrible treatment’ of a homeowner

09 November 2017

TBO- As head of civil processing for the Pinellas County Sheriff’s Office, Sgt. Tim Grundmann supervised employees who serve subpoenas, eviction notices and notices of foreclosure. Thus it was embarrassing to Grundmann when a clerk told him: “You’re being sued. You’re being foreclosed on.” That was in 2013, when the Tampa Bay area was still […]

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California Court Holds That HELOCS Are Not Negotiable Instruments Under the UCC

California Court Holds That HELOCS Are Not Negotiable Instruments Under the UCC

08 November 2017

H/T Reader of this Site – “Financial institutions securitized billions in Home Equity Lines of Credit (HELOC). These same institutions argue in courts across the country that HELOCs are negotiable instruments under the Uniform Commercial Code, and therefore, the banks do not have to prove ownership of the debt, rather merely possession; “Even if we […]

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More Wells Fargo workers allege retaliation for whistleblowing

More Wells Fargo workers allege retaliation for whistleblowing

08 November 2017

CNN- More former Wells Fargo employees allege they were fired after they tried to blow the whistle on shady activity at the bank. That’s according to a new filing by Wells Fargo (WFC), which disclosed claims of “retaliation” by ex-employees. Wells Fargo has been at the center of a number of scandals over the past year. This […]

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Trump’s commerce secretary Wilbur Ross has been lying about being a billionaire for years: report

Trump’s commerce secretary Wilbur Ross has been lying about being a billionaire for years: report

07 November 2017

Raw Story- Forbes says that it first started having suspicions about Ross’s net worth after it examined the financial-disclosure forms he filed after being nominated by Trump to lead the Department of Commerce. In all, the forms showed he had assets with a net worth of just $700 million, which was far below the $3.7 billion he had […]

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Wells Fargo faces lawsuits over mortgage and auto loans

Wells Fargo faces lawsuits over mortgage and auto loans

06 November 2017

Reuters- Wells Fargo & Co is facing litigation over previously disclosed sales problems related to its auto lending and mortgage businesses, the bank disclosed in a regulatory filing on Friday. The lawsuits include two class action cases alleging violations of federal and state consumer fraud laws, as well as claims brought by former employees who […]

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In a Mortgage-Crisis Settlement, Did a Bank Get Off Easy?

In a Mortgage-Crisis Settlement, Did a Bank Get Off Easy?

06 November 2017

NYT- In January, prosecutors concluded one of the last multibillion-dollar settlements related to the 2008 mortgage collapse. The deal, with Credit Suisse, required the bank to pay $2.48 billion to settle allegations that its securities unit had misled buyers of home-loan bundles it had sold between 2005 and 2007. Credit Suisse also agreed to provide […]

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Booting Detroit residents out of foreclosed homes must end

Booting Detroit residents out of foreclosed homes must end

06 November 2017

Detroit Free Press- Aside from shutting off water to Detroit residents, no public policy draws so much criticism as the annual Wayne County auction of tax-foreclosed properties. For good reason, too. In recent years, thousands of owner-occupied Detroit homes have been seized by the Wayne County Treasurer’s office for non-payment of property taxes. When the […]

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