Search Results for: foreclosure

Goldman, Sachs & Co. on Thursday agreed to a $550 million settlement with the US Securities and Exchange Commission (SEC) to resolve charges that they marketed a subprime...

Bank of America (BOA) subsidiary Countrywide Home Loans, Inc. on Monday reached a $108 million settlement agreement with the Federal Trade Commission (FTC) to resolve charges that the subsidiary collected excessive fees from...

The US Supreme Court on Wednesday ruled 7-2 in Jerman v. Carlisle that a debt collector's legal error does not qualify for the bona fide error defense...

The US Supreme Court heard oral arguments Wednesday in two cases. In American Needle Inc. v. NFL , the Court heard arguments on whether...

The US Supreme Court on Monday granted certiorari in six cases. In Abbott v. Abbott , the Court will consider whether a ne exeat clause, which prohibits one...

A bill that would have aided homeowners in foreclosure was rejected 45-51 Thursday by the US Senate . The financial industry had lobbied heavily against the proposed legislation that had come to be...

JURIST Contributing Editor Nancy Rapoport of the William S. Boyd School of Law, University of Nevada Las Vegas, says that the housing bailout provisions of the recently announced stimulus package not only do not go far enough to cover mortgage...

FBI Deputy Director John Pistole said Wednesday the FBI is looking at shifting a number of agents from national security and counterterrorism activities to investigations involving financial fraud, during a hearing before the US Senate...

The National Community Reinvestment Coalition (NCRC) has filed a federal civil rights complaint with the US Department of Housing & Urban Development (HUD) Office of Fair Housing & Equal Opportunity (FHEO) ...

Officials for Bank of America announced Monday that they have agreed to an $8.4 billion settlement in response to allegations by 11 state attorneys general that subsidiary Countrywide Financial engaged in deceptive business...