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Posts Tagged ‘subprime’

Banks have returned to the pre-2008 world of automatic credit-limit increases for credit cards used by already indebted people

"Proactive credit line increases" (PCLIs) are when your credit card company increases your credit limit without your asking for it; it was very common prior to the 2008 crisis, but the post-crisis rules largely put a stop to it. Now, banks have figured out regulatory loopholes that allow them to throw PCLIs at their most ...

New York City’s municipal debt collectors have forged an unholy alliance with ****** subprime lenders

New York City's "marshal" service is a throwback to the Dutch colonial days; the 35 marshals are appointed by the mayor, draw no salary, and earn their livings by skimming a percentage off of the debts they collect, operating with impunity and reaching around the world.

The most prolific and successful NY marhsal is Vadim ...

Tomorrow is the tenth anniversary of the collapse of 2008 and things are much, much worse

Nobody covered the Wall Street collapse, bailout, and corrupt resurgence better than Rolling Stone's Matt Taibbi, from giving Goldman Sachs its unforgettable epithet to covering the hearings on the bailouts to documenting the foreclosure mills, to dee... ...

Defense to Foreclosure – What does UDAP Stand For?

08.31.2009 · Posted in Mortgage Articles

In many cases, homeowners may be able to raise defenses based on their state's Unfair and Deceptive Acts and Practices laws (UDAP laws). Each state differs a little in their definitions of what constitutes these types of actions. ...

Lack of Access to the Law — Not Too Few Laws — Has Hurt Homeowners

06.01.2009 · Posted in Mortgage Articles

The number of federal laws ostensibly designed to protect homeowners and borrowers from predatory or discriminatory lending is mind boggling. ...