California AG Sues Chase

Whistle blower Linda Almonte, who will be joining us for a brand new debt buyer litigation seminar next month, has started a landslide. First, as the American Banker reported back in March, the Office of the Comptroller of the Currency got interested in Chase’s practices after Linda filed her whistle blower complaint.  Chase employees reportedly confirmed that the organization spent …

Bank Settlement Primarily Benefits Banks, Leaves Mortgage Fraud Victims in the Cold

The details of the national mortgage fraud settlement with Bank of America, JP Morgan Chase, CitiGroup, Ally Financial and Wells Fargo are in, and nobody is happy except the banks. Max’s initial reaction to the settlement: The reports released today by the Investigator General for HUD with respect to the five major banks involved in the settlement with the Department of …