A new report finds that 448 subprime-related cases were filed in federal courts in the 15 months that ended on March 31, a total that is outpacing litigation over the…
When $280,000 was mistakenly deposited in October into the bank account of a retired couple in midstate Pennsylvania, they did the right thing, according to their lawyer, and notified the…
Now that many states have laws in place to try to prevent payday lenders from bankrupting consumers with short-term loans at extraordinarily high interest rates, it turns out that a…
The mortgage meltdown, which many now attribute at least in part to widespread fraudulent practices, seems to have had an unexpected effect on federal regulators. Instead of waiting for a…
As housing price declines steepen and mortgage default rates rise, Congress is considering legislation to give struggling homeowners an alternative to foreclosure in what many are calling the worst real…
Instead of providing the expected financial cushion in tough economic times, home equity lines are disappearing just when some owners—including attorneys—were relying on being able to use them.
Federal prosecutors in at least five major cities throughout the country are reving up for a more expansive investigation of possible widespread fraudulent practices by mortgage lenders and investment banks.
Banks aren’t betting on lax enforcement of a confusing new federal law that may prohibit them from processing online gambling wagers. So many customers could find their attempts to place…
The mortgage meltdown includes even some homeowners in the nation’s most affluent communities. But the rich, as F. Scott Fitzgerald wrote, are different than the rest of us. They have…
In a case that has resulted in stricter regulatory standards for all national banks, one of the country’s biggest financial institutions has agreed to settle for $144 million a federal…
Updated: A class action by credit card holders over mandatory arbitration provisions imposed by credit card issuers can proceed to trial, a federal appeals court has ruled.
A midsize Los Angeles-based law firm is opening its first European office and stealing a top partner from not one but, effectively, two major competitors in the process.
Add another issue to the list of troubles created by the subprime mortgage meltdown: unpaid condominium association fees. In Florida, half of the nearly 500 condo and homeowner associations that…
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