Almost 400 banks and credit unions now serve the medical marijuana industry, according to the U.S. Treasury — a number that has more than tripled since 2014.
banking
Household Debt Is a National Crisis. Predatory Lenders, Not Borrowers, Are To Blame.
Placing fair caps on interest rates, ending predatory practices that push people further into debt, and creating a path out of debt for people who are struggling are some of the ways to alleviate a mounting crisis, argues LeeAnn Hall.
How Bank of America Regularly Lied to Homeowners and Rewarded Foreclosures
Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.
Break Up the Banks: It’s Not a Fringe Idea Anymore
Moments of consensus between left and right don’t come frequently in Washington, and we should heed them when they occur. Right now, that means breaking up the banks, argues Amy Dean.
A Florida Bank’s Rise and Fall Spotlights Fast-and-Loose Culture Plaguing the Economy
The rise and fall of U.S. Century, whose leaders used it as their own corporate ATM, exemplifies the failure to regulate banking during the boom years and the slipshod approach to the bailout. Losers are taxpayers and Florida residents grappling with ill effects of sprawl.
Foreclosures Down 59 Percent in April, But Don’t Celebrate Yet, Florida
Longer processing times and the backlash against banks’ speed-dialed foreclosures have more to do with the brighter number than an actual recovery in the housing market.
Prosecutorial Impotence: How Bankers Crashed the System and Got Away With It
The most popular reason offered for the dearth of financial crisis prosecutions is that the banking system was hit by a systemic and unforeseeable disaster, which means that it’s unlikely that anyone committed any crimes. Is it?
Wrongful Foreclosure: What You Need To Know
Banks and foreclosure defense attorneys disagree on whether errors in the process have caused wrongful foreclosures — but their definitions of what constitutes a “wrongful foreclosure” differ.
Why You Won’t Have to Leave Your Foreclosed House (If You have a Good Lawyer)
Some banks are still insisting that their errors are minor and foreclosures will continue, but what they say publicly and do privately are two different things.
Mandatory Mediation on Home Mortgage Foreclosures To Start in Flagler July 19
Mediation is designed to reduce the caseload on the court system and help people stay in their homes. Whether it actually works is open to question.
$75 Billion Mortgage Modification Program Is $74.76 Billion Behind
The Obama administration committed to spend up to $75 billion on its foreclosure-prevention program. More than a year later, only about $242 million had actually been paid out.