DOJ and CFPB Take Aim at PNC Legacy Loans for Discriminatory Practices

National Mortgage Professional The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) have filed a joint complaint against National City Bank for charging higher prices on mortgage loans to African-American and Hispanic borrowers than similarly creditworthy white borrowers between the years 2002 and 2008. The agencies also filed a proposed order to […]

Barney Frank Demands AG Holder Prosecute Bankers

Steve Dibert, MFI-Miami In his last official act as a member of congress and the Ranking Member of the House Financial Services Committee, Barney Frank issued this demand to U.S. Attorney General Eric Holder as if he still yielded any real power:

Country Club Sopranos Caught Swindling Red Handed

Feds Treat Bankers With Kid Gloves Peter Kotz, Denver Westworld You wouldn’t know it by watching the news or reading the paper, but America’s banks are on the largest crime spree the country has ever known. Let’s go to the highlight reel, shall we? In July, Wells Fargo paid a $175 million settlement after the […]

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