Wells Fargo Bank Facing $1 Billion Fine From The CFPB For Mortgage And Auto Insurance Issues It looks like Wells Fargo Bank is about to break a record! Wells Fargo Bank is facing a record fine of a billion dollars from the Consumer Financial Protection Bureau. The record-breaking fine even has the support of President Trump! Former
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New Jersey And Other States Create State Level CFPB Agencies As A F*** You To Trump And Mulvaney Several states have announced they are launching state level CFPB agencies. This is in response to CFPB Acting Director Mick Mulvaney’s memo laying out his vision for the CFPB. The memo was obtained by investigative journalism nonprofit ProPublica. Mick Mulvaney
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Court of Appeals Reverses Earlier Decision Declares Consumer Financial Protection Bureau Constitutional The Court of Appeals for the District of Columbia reversed their October 2016 decision that declared the leadership structure of the Consumer Financial Protection Bureau unconstitutional. The original decision vacated a $100 million fine levied by the Consumer Financial Protection Bureau against PHH Corporation. A three-judge panel heard
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Champion Mortgage To Evict New York Reverse Mortgage Fraud Victim Ron Brophy And His Wife Was Champion Mortgage hiding a dirty little secret when they decided to foreclose on Ron Brophy? Or was Champion Mortgage just ignorant of the origination fraud hidden in the file? Now Champion Mortgage and its parent company, Nationstar could find themselves
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Federal Courts Have Provided Non-Borrower Spouses With Protections From Reverse Mortgage Foreclosure Non-Borrower Spouses whose names were not on Reverse Mortgages were pretty screwed when the spouse died. However, in 2013, the federal court in the District of Columbia handed down a landmark ruling. The ruling recognized the need to protect surviving spouses in this situation. Bennett
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