Tag: Borrowers
Bank of America to Modify Mortgages
Facing a lawsuit over deceptive mortgage practices, a Bank of America Corp. subsidiary has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes, the Illinois attorney general’s office said Sunday.
Borrowers stuck with Countrywide Financial mortgages that they can’t afford could see their interest rates reduced or [...]
Posted: October 7th, 2008 under Money, Mortgage Lending, Mortgage Relief, Personal Finance, US Economy.
Tags: 50 States, American Dream, Bank Of America, Bank Of America Corp, Barbara Desoer, Borrowers, California Attorney General, Connecticut Florida, Consumer Protection Division, Countrywide Financial, Countrywide Financial Corp, Illinois Attorney General, Insurance Services, Jerry Brown, Loan Principal, Michigan North, Mortgage Home Equity, Mortgage Practices, New Mortgage, Nightmare, Time Illinois
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Fed Approves Crackdown on Unfair Credit Cards
The Federal Reserve is taking steps to crack down on “unfair and deceptive” credit card industry practices that have added to the financial woes of millions of people trying to cope with the economic downturn. The Fed on Friday gave approval to proposed rules that would target credit card companies that arbitrarily raise interest rates [...]
Posted: May 2nd, 2008 under Credit Cards, Federal Reserve, Personal Finance.
Tags: Adequate Time, Banking Industry, Borrowers, Consumer Choice, Consumers, Crack, Crackdown, Credit Card Companies, Credit Card Industry, Credit Cards, Economic Downturn, Federal Reserve, Financial Woes, Industry Practices, Interest Rates, Lawmakers, Proposals, Taking Steps, Target
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