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PREDATORY-LENDING

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ACORN Starts To Feel Funding Freeze
Source: NPR

Federal funding has been temporarily stopped for the community group ACORN and its affiliates, and some people worry that worthwhile programs could be affected if the cuts become permanent. Perhaps this was the real goal of Beck, etc.

Housing Discrimination Complaints Are Up, Says HUD
Source: DiversityInc

Despite the mortgage crisis, new data shows that people continue to be denied fair housing. Which underrepresented group filed the highest number of complaints?

The Roots of the Financial Crisis: Who Is to Blame?
Source: The Center for Public Integrity

The top subprime lenders whose loans are largely blamed for triggering the global economic meltdown were owned or bankrolled by banks now collecting billions of dollars in bailout money — including several that have paid huge fines to settle predatory lending charges.

Obama Pressures Credit Card Issuers on Rates - NYTimes.com
Source: The New York Times

In response to the increasingly aggressive and usurious practices of credit card companies President Obama has thrown his support behind efforts to protect consumers from unfair treatment.

All Boarded Up - How Cleveland is Dealing With Mass Foreclosure - NYTimes.com
Source: The New York Times

One of the most amazing stories about the [still ongoing] fraud and travesties of the banking and mortgage "industry" in the face of predatory lending practices and sheer fraudulent exploitation of poor people.

Family says suicide caused by foreclosure action
Source: vindy.com

I just can't understand how this could happen (every day) in my nation. "Holman alleges in the lawsuit filed on behalf of the Lipplys that the Lipplys were the victims of a predatory lending scheme.

Boomers and Seniors Caught in the Financial Meltdown
Source: t r u t h o u t

The economic crisis is affecting people in all income and social brackets, but America's baby boomers and seniors don't have the option to wait it out.

Federal Oversight of Banks Risks Abuse, States Argue - washingtonpost.com
Source: The Washington Post

In 2001, a case brought by Wachovia before the Supreme Court proposed less stringent regulation of subsidiaries of parent banks under the federal charter of national banks, seeking less oversight by state regulators and laws in all 50 US states.

Ordinary Americans left out of bailout
Source: Toronto Star

"You really have to feel for them. They are all alone here," says Seifert. "It's a war zone."

3145 Elkridge Drive, Holiday FL 34691 - Trulia
Source: trulia.com

This is a real estate web page about the home I used to own.

Fighting the foreclosure crisis - The Boston Globe
Source: The Boston Globe

FOR MONTHS we have been hearing heart-rending stories of homeowners who were deceived by their mortgage lenders and about to lose their homes.

Consumer groups call car title loans predatory
Source: msnbc.com

For years payday lenders have been the bad guy in the predatory lending debate while their close cousin, car title lenders, have cruised along unnoticed — and perhaps more disturbing for some — unregulated in several states.

High-Interest Lenders Tap Elderly, Disabled
Source: Wall Street Journal

One recent morning, dozens of elderly and disabled people, some propped on walkers and canes, gathered at Small Loans Inc. Many had borrowed money from Small Loans and turned over their Social Security benefits to pay back the high-interest lender.

Cleveland Sues 21 Banks Over Subprime Mess
Source: Cleve-Blog

Cleveland Mayor Frank Jackson took aim at Wall Street on Thursday with a lawsuit against 21 major investment banks that he said have enabled the subprime lending and foreclosure crisis here.

Ultra-Rich Still Looting the Silent Middle Class
Source: EVERYDAY CITIZEN - www.everydaycitizen.com

The foreclosure crisis is no longer just about mortgages, entire neighborhoods are being negatively affected on several levels. This issue is now the number one economic challenge of many major American cities

Predatory Lending Association (PLA)
Source: predatorylendingassociation.com

The Predatory Lending Association (PLA) is dedicated to extracting maximum profit from the working poor by increasing payday loan fees and debt traps.

Weak Predatory Lending Bill Passes the US House. Immediate action needed!!!
Source: NAACP Washington Bureau

To address the recent crisis across our Nation of homes being lost to foreclosure as a result of various types of predatory lending, Congressman Barney Frank (MA), the Chairman of the House Financial Services Committee, along with Congressmen Brad Miller (NC) and Mel Watt (NC) in …

Predatory lending: 'Fee harvester' credit cards scam vulnerable consumers
Source: Yahoo! News

For unwary consumers targeted by credit card issuers, there's not much help in the courts. Weak federal laws, and lax enforcement of those that exist, leave consumers vulnerable to all sorts of predatory practices.

Paul Krugman on the 'Conscience of a Liberal'
Source: Truthdig

Tell me, though: Where did Alan Greenspan miss on this? Did he have not some responsibility in preventing this type of crisis?

Local S&L Bucks the Predatory Trend
Source: The New York Times

"There are still S.& L.'s and banks that lend with a conscience, but, man, you got to find them."

Blacks suffer most in U.S. foreclosure surge
Source: msnbc.com

...Blacks 3.8 times more likely than whites to receive a higher-cost home loan

Mortgage Bondholders May Bear Subprime Loan Risk
Source:

The top Democrat and Republican on the House Financial Services Committee said investors in mortgage bonds should be liable for deceptive loans made by banks.

Charlotte foreclosures 13% vs. 3% nationally, Beazer Homes federal probe
Source: msnbc.com

Shares of Beazer Homes USA Inc. fell more than 8 percent Wednesday after the FBI said it is among agencies investigating possible fraud in the company's mortgage lending practices and other financial transactions.

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