New York State Buying 400 Mortgages With Plans To Modify Loan Terms For Struggling Homeowners New York State is buying the mortgages of 400 homeowners facing foreclosure. Homeowners will get a chance for relief under the state’s $7.6 million Community Restoration Fund. Local nonprofits will also work with the borrowers on modifying mortgage amounts. In […]
Wells Fargo Must Pay $4 Million For Credit Card Violations More Than 1,300 New Yorkers Expected to Receive Restitution Payments Averaging Approximately $1,600 Governor Andrew M. Cuomo today announced that Wells Fargo Bank will pay a $2 million penalty and provide approximately $2 million in direct consumer restitution payments for violations uncovered by a […]
Andrew Cuomo & NY Consumers Lose Their Financial BFF With NYDFS Benjamin Lawsky’s Departure ICYMI-Last week, John Wilen at Forbes wrote a great piece about New York State Department of Financial Services Superindentent Benjamin Lawsky who will be leaving Governor Andrew Cuomo’s administration in January. In being tapped by Andrew Cuomo in 2011, Lawsky soon […]
De Blasio Hires Convicted Fraudster As The City’s New Ebola Cleanup Czar Mayor de Blasio thought he knew the right guy to disinfect the apartment of Ebola patient, Dr. Craig Spencer. He called Sal Pane who he thought was perfect for the job. Sal Pane claimed he had decades of experience handling dangerous materials. He […]
GI Andrew Cuomo Dispatches Foreclosure Mobile Command Unit To Long Island Governor Andrew M. Cuomo aka GI Andrew announced today the deployment of the Department of Financial Services’ (DFS) Mobile Command Center (MCC) to Long Island to provide foreclosure prevention assistance to homeowners. DFS representatives will be available to meet homeowners in the MCC through Sunday […]
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