All Posts Tagged With: "banking"
Major Banks At it Again, Fighting Against “Truth in Mortgage Lending” Legislation Which Would Decrease Foreclosures!
We recently reported that some of the major US banks including Bank of America, Capital One, Chase and Discover were actively flaunting US Bankruptcy law, and now they’re trying to put the screws to consumers again by opposing “Truth in Mortgage Lending” legislation which is currently working its way through congress. The US House recently [...]
E*Trade and Bank of America Get What’s Coming to Them for Offering Exotic Mortgages
For the last five years or so, many of the nation’s major banks and financial institutions have been originating all sorts of non-traditional mortgages such as interest only loans, adjustable rate mortgages, mortgages with balloons, fifty year mortgages, and a whole slew of other financial products that no consumer should ever buy. Unsurprisingly, many consumers [...]
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