Small investors to get bigger megaphone at SEC

By Jeremy Borden

For the average Main Street investor, the roots of the 2008 financial collapse remain murky. The impact, though, was not: houses foreclosed,

New systemic risk regulatory council sets goals

By Jeremy Borden

Reform watchers expecting a “Showdown in the Cash Room” between the primary U.S. financial regulators didn’t see anything resembling a regul

Judge orders Quicken Loans to pay $2.7 million award in West Virginia fraud case

By Michael Hudson

A West Virginia judge has slapped online mortgage giant Quicken Loans Inc. with more than $2.7 million in punitive damages and legal costs a
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Claims of high-pressure sales, fraud at odds with Quicken Loans’ straight-shooting image

By Michael Hudson

Quicken Loans, the giant mortgage lender founded by Cleveland Cavaliers owner Dan Gilbert, goes on trial Tuesday in Detroit to face allegati

Excerpts from this story referencing "finance":

"… t to pay these bills but, instead, I sold him an interest-only ARM that re-financed his entire mortgage. This was not the best Quicken loan product for him, …"

"… overtime lawsuit also include claims that Quicken exaggerated borrowers’ finances on “stated-income” loans, which didn’t require documentation of bor …"

"… ime, the suit claims.The Higtons told the Center that they had wanted to refinance their home so they could renovate and remodel and ensure it would be a pla …"

Obama’s new chief of staff sought to loosen post-Enron corporate reforms

By Michael Hudson

William M. Daley, President Barack Obama's new chief of staff, is a major Wall Street player who sought to loosen corporate reform laws and

A peek into the art of mortgage duplicity

By Michael Hudson

In many of Ameriquest Mortgage’s far-flung sales branches, employees outfitted break rooms or spare cubicles with the tools they needed to c
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Coming soon: Simpler mortgage paperwork

By Michael Hudson

Now that she has a new job, Harvard law prof Elizabeth Warren isn't wasting time getting started. In her first week as an assistant to Presi

Main Street or Wall Street?

By Michael Hudson

In arguing against tougher regulation of car dealers, Kansas Republican Sen. Sam Brownback insisted they didn’t belong in the broad financia

Excerpts from this story referencing "finance":

"… ll Street. “Dealers obtain financing for their customers through captive finance companies, credit unions, and banks. … Auto dealers do not obtain financ …"

"… ompetition and more choices for consumers.” Often, it notes, the captive finance companies run by big automakers, such as Ford Motor Credit Co., enable dea …"

States are battleground in drive to regulate lawsuit funding

By Caitlin Ginley

The latest story in the Center's "Betting on Justice" series about the fast-growing litigation finance industry looks at lobbying efforts in

Excerpts from this story referencing "finance":

"… d unanimously to make lawsuit funding legal again after a campaign led and financed by the lenders themselves.These companies, which include Oasis Legal Fina …"

"… case, lenders say.Lobbying victories in Texas, OhioAn analysis of campaign finance and lobbying data by the Center shows how the industry has bulked up its p …"

"… jected litigation financing to the same standards as ordinary loans. Legal finance groups opposed to the legislation spent between $360,000 and $1 million on …"

"… rk Times). Ellis did not respond to a Center request for comment.The legal finance lobbying paid off when the bill was defeated.In Ohio, a bill legalizing la …"

Revisiting 'The Cheating of America'

By Caitlin Ginley

A settlement providing the Internal Revenue Service access to the identities of Americans holding secret accounts at Swiss bank UBS is being

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