Quicken Loans Throws In The Towel And Agrees To Settle DOJ’s False Claims Act Lawsuit For $32.5 Million Quicken Loans and Dan Gilbert did something Gilbert claimed they would never do. They caved to the government. They agreed t0 settle with the government over Quicken Loans FHA lending practices. Quicken has agreed to pay the […]
Millennials Are Leaving The US In Droves As A Solution For The Student Loan Debt Crisis Some student-loan borrowers have fled the US as a solution to the student loan debt crisis. A report on CNBC says millennials are fleeing the United States for better job prospects and so creditors can’t pursue them. One borrower […]
Two Deutsche Bank Traders Convicted For Manipulating LIBOR Index The federal government convicted two Deutsche Bank Traders in New York last week. The government accused the two traders from Deutsche Bank’s Pool Trading Desk of participating in a scheme to manipulate the London Interbank Offered Rate (LIBOR). The LIBOR Index is a critical global benchmark tied to […]
Citigroup Fined $8.6 Million By Federal Reserve For Robo-Signing Related Issues The Federal Reserve leveled an $8.6 million fine against CitiGroup on Friday. The Federal Reserve stated the fine was due to the “deficient execution and notarization of certain mortgage affidavits. The issue stems from Citigroup’s exit from the mortgage servicing business back in 2017. The […]
Wells Fargo Tellers Call Cops On Elderly Black Bank Manager From Another Bank For Attempting To Cash A Check It seems like white Wells Fargo tellers aren’t immune from calling police on black people for doing everyday things. This pandemic of white paranoia has even hit culturally diverse South Florida. An elderly black woman in Florida […]
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