Supreme Court Probes Whether Miami Can Sue Banks Over Foreclosure Crisis

by Fraud Stoppers Admin | Nov 13, 2016 | Foreclosure Defense News, Tactics, and Tips

Should Bank of America and Wells Fargo be on the hook for potentially billions of dollars in tax revenue Miami and other cities lost after property values plunged in minority neighborhoods due to shoddy lending practices and foreclosures? And if so, why can’t Miami...

Wells Fargo, You Can Run but You Can’t Hide: A Homeowner’s Testimony

by Fraud Stoppers Admin | Nov 13, 2016 | Foreclosure Defense News, Tactics, and Tips

Truthout: Lainey Hashorva: Please tell me a bit about your work background, and what brought you to apply for assistance through the HAMP or HARP programs with Wells Fargo? Therese Crowley: I was a Series 7 (securities industry) employee registered in the 1980s, and...

California votes in favor of overturning Citizens United by passing Proposition 59

by Fraud Stoppers Admin | Nov 10, 2016 | Foreclosure Defense News, Tactics, and Tips

Voters approved Proposition 59, which instructs elected officials to overturn the U.S. Supreme Court’s landmark Citizens United decision that dramatically altered the way money can be spent on politics. The Associated Press projects the ballot measure passed with...

JPMorgan Chase to drop commissions-paying retirement accounts

by Fraud Stoppers Admin | Nov 10, 2016 | Foreclosure Defense News, Tactics, and Tips

As Wall Street’s wealth management firms scramble to comply with a new U.S. Department of Labor rule, JPMorgan Chase & Co said on Wednesday it will stop offering commissions-paying retirement accounts. In doing so, J.P. Morgan will join Bank of America’s Merrill...

Citigroup Says CFTC Investigating Banks’ Interest-Rate Swaps

by Fraud Stoppers Admin | Nov 9, 2016 | Foreclosure Defense News, Tactics, and Tips

Citigroup Inc. said Monday that it is cooperating with an industrywide investigation of interest-rate swaps. The bank said in a quarterly securities filing that the Commodity Futures Trading Commission is investigating “the trading and clearing of interest rate swaps...