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Predatory Lending

Not So Little 'So What'

Ellen Schloemer | Posted 06.08.2013 | Business
Ellen Schloemer

In my experience, there are some financial practices that reasonable people agree are just plain wrong.

Zach Carter

New Senator Takes Cue From Elizabeth Warren | Zach Carter | Posted 01.23.2014 | Politics

WASHINGTON -- Freshman Sen. Angus King (I-Maine) joined Sen. Elizabeth Warren (D-Mass.) this week in the fight to rein in the financial establishment....

The State of Lending: Progress & More Work

Ellen Schloemer | Posted 02.09.2013 | Money
Ellen Schloemer

This week, the organization I work for -- the Center for Responsible Lending (CRL) -- will release the first in a series of reports on the prevalence ...

Racial Inequality and the Independent Foreclosure Review

Dedrick Muhammad | Posted 01.12.2013 | Black Voices
Dedrick Muhammad

If your home faced foreclosure between Jan. 1, 2009, and Dec. 31, 2010, then you may be able to suspend foreclosure on your home, correct a bad credit report, modify your loan or receive compensation.

Another Big Bank Accused Of Predatory Lending

Reuters | Posted 10.15.2012 | Business

NEW YORK, Oct 15 (Reuters) - The American Civil Liberties Union is filing what it says is the first lawsuit against an investment bank, Morgan Stanley...

Your Bank May Owe You Money

Preeti Vissa | Posted 11.27.2012 | Money
Preeti Vissa

If you are a homeowner facing foreclosure or who has been foreclosed upon, it may look like nothing has been done to help you.The good news is that many steps have been taken to bring help to people who need it. The bad news? They don't matter unless we take advantage of them!

For-Profit Education: Value for Whom?

Jeremy Dehn | Posted 11.20.2012 | College
Jeremy Dehn

For-profit colleges' alleged support of increased accountability across all colleges and universities is yet another position that reeks of PR posturing by emphasizing some details at the expense of far more pertinent ones.

Ryan's One True Claim Isn't

Brad Miller | Posted 10.31.2012 | Politics
Brad Miller

I have a pretty good idea what legislation in the last decade could have "corrected" the housing crisis, and what legislation made it worse. Ryan voted wrong every time.

CFPB Making Good on Promises as Latinos Clamor for Stronger Consumer Protections

Janis Bowdler | Posted 09.29.2012 | Latino Voices
Janis Bowdler

Without a doubt, more needs to be done to protect all borrowers from predatory lending and steering. Financial companies on Wall Street must be held accountable with tougher rules and enforcement to prevent the practices that caused the financial crisis.

Ex-Wells Fargo Worker: Bank Steered Black Homebuyers Into Subprime Mortgages

The Huffington Post | Alexander Eichler | Posted 06.13.2012 | Business

Six years after the onset of the housing bust, big banks are still facing allegations that race influenced their lending practices. Beth Jacobson, ...

Wells Fargo Pays Big Time To Settle Discriminatory Lending Claims

Reuters | Posted 07.29.2012 | Business

* City of Memphis had accused Wells of discriminatory lending * Bank has denied allegations, citing commitment to responsible lending...

Do You Think It's Fair...

Brad Lander | Posted 07.17.2012 | New York
Brad Lander

Many employers in New York City and across the country routinely use credit reports to discriminate against job applicants with poor credit histories. This puts people in a cruel Catch-22.

Catherine New

High Card Fees Didn't Even Help Banks, Report Finds | Catherine New | Posted 05.10.2012 | Money

Outrageous credit card fees are not only bad for consumers; they're actually bad for business. That's the somewhat surprising conclusion of a new r...

Church Burns Credit Card Offers In Protest Of Predatory Lending

The Huffington Post | Harry Bradford | Posted 04.24.2012 | Business

Sometimes, more than incense and candles are burned at Church. Last Sunday, members of the First Baptist Church of Lincoln Gardens in New Jersey ga...

Rent-To-Own Industry, Long Criticized For Preying On Military, Tries A Different Tactic

The Huffington Post | Alice Hines | Posted 04.20.2012 | Business

Rent-to-own furniture stores, once branded as "predatory lenders" by the Department of Defense, are now pledging to hire veterans returning from duty....

STOP! San Francisco's Board of Supervisors Calls To End Foreclosures

Aaron Sankin | Posted 04.11.2012 | San Francisco

In a unanimous 11-0 vote on Tuesday afternoon, the San Francisco Board of Supervisors passed an official resolution calling for a moratorium on all fo...

Black Families Intensely More Likely To Be Homeless, Study Says

The Huffington Post | Alexander Eichler | Posted 03.06.2012 | Business

America's homeless crisis is also a crisis of color. Black families were seven times more likely than white families to stay in homeless shelters i...

Hells Angels Ex-President Sentenced Over Mortgage Fraud

The Huffington Post | Harry Bradford | Posted 01.20.2012 | Business

It's not just banks and lenders that can be accused of mortgage fraud. The former president of the Hells Angels Sonoma Chapter, Raymond "Ray Ray" ...

President's Recess Appointment of Cordray Gives Watchdog Teeth It Needs

Ed Mierzwinski | Posted 03.09.2012 | Business
Ed Mierzwinski

Kudos to President Obama for standing up for consumers this week by making a recess appointment of Richard Cordray to head the new Consumer Financial Protection Bureau.

The Power of Social Networks to Break the Cycle of Poverty

Mauricio Lim Miller | Posted 02.12.2012 | San Francisco
Mauricio Lim Miller

Throughout U.S. history, communities of poor people have left poverty. But none of these successes look like the public and philanthropic approaches we have relied on, nor the gravity-defying "up by your boot-straps" proposition.

The Bank Merger From Hell (or, What's Preying on Your Wallet?)

Preeti Vissa | Posted 12.25.2011 | Business
Preeti Vissa

As public anger at Wall Street greed boils over in the form of protests spreading across the nation, the Federal Reserve Board is poised to allow creation of yet another "too big to fail" bank.

Richard Cordray: A Champion for Minority Communities

Wade Henderson, Esq. | Posted 12.06.2011 | Black Voices
Wade Henderson, Esq.

African Americans have long been targets of financial predators. The foreclosure crisis is still alive and well in communities of color, who are now on the wrong side of the largest wealth gap ever recorded.

JPMorgan, Bank of America, Wells Fargo Accused Of Overcharging Military Veterans

The Huffington Post | Alexander Eichler | Posted 12.05.2011 | Business

In what is only the latest instance of questionable mortgage practices coming to light, a new lawsuit claims that 13 banks and mortgage companies -- i...

Consumers Be Damned: Senator Shelby, Captain Queeg and the Politics of No

Adam Levin | Posted 11.15.2011 | Politics
Adam Levin

Last week's hearing on the nomination of Richard Cordray to lead the Consumer Financial Protection Bureau featured prepared speeches that were utterly without sound and fury but still managed to do a huge disservice to American consumers.

Resolute Brooklyn Grandmother Still Hoping For Deal On Eviction

Patch | Posted 10.28.2011 | New York

A few dozen neighbors and housing advocates over the weekend traded shifts in and around the Bedford-Stuyvesant home of Ms. Mary Ward, a reported vict...