Consumer Financial Protection Bureau queen-designate Elizabeth Warren is turning to the 50 state attorneys general for help in her campaign to make financial services work for the little guy.
The attorneys general say they are now invited to the nation’s capital and talk with Warren by telephone almost weekly as she sets Read More
This Old House
The Wall Street Journal today published a snapshot of what life is like for our nation’s 50 attorneys general, who’ve now banded together to get to the bottom of apparent legal shenanegans by America’s largest mortgage lenders. And this posse of skull-cracking legal enforcers — a gang of hard-nosed and aggressive untouchables — is, Read More
This Old House
Faced with a legal onslaught by a team of attorneys general hailing from every state in the nation, Bank of America is taking a cunning step.
The nation’s heavyweight mortgage-servicing champ is bringing former Virginia attorney general Richard Cullen into its corner. Just when you thought there couldn’t be any more attorneys general involved!
Is Read More
Giant bank Wells Fargo announced today that it’s paying $24 million “to eight states to enlist help in customer outreach, and to prevent or mitigate the impacts of foreclosures in these communities.” It’s doing this because the states in question — Arizona, Colorado, Florida, Illinois, Nevada, New Jersey, Texas and Washington — are investigating Read More