Investigating Florida's parallel legal system for foreclosures

By Alison Fitzgerald and Sarah Whitmire

A Q&A with Senior Reporter Alison Fitzgerald on her most recent investigation into Sunshine State foreclosures.

Excerpts from this story referencing "judge":

"… closure reporting. …"

"… they are now fighting not only banks, but also the state. When a court or judge tries to move a case forward, they are by default working on behalf of the …"

"… bit skeptical about what I was hearing from the defense lawyers about how judges were pushing cases through the system. However, after spending two days s …"

"… t foreclosure courtrooms in two different counties, I was convinced. I saw judge after judge ruling on case after case with little more than a glance at th …"

Race-car driver's payday lending business 'deceived borrowers'

By David Heath

AMG Services, a Kansas firm started by race-car driver Scott Tucker, may be ordered to repay tens of millions of dollars to borrowers.

Excerpts from this story referencing "AMG Services":

"… ssional race-car driver, started the online lending business, now known as AMG Services of Overland Park, Kan. Tucker turned to three Indian tribes in Oklahoma an …"

"… on or over the Internet. However, the FTC in 2012 filed a lawsuit against AMG Services, Tucker and others arguing that tribal sovereign immunity doesn’t apply …"

"… y sided with the FTC on that point. On May 28, Navarro ruled further that AMG Services violated the Truth-in-Lending Act by misleading borrowers about the intere …"

"… te the amount they can afford to pay down to the dollar.” Attorneys for AMG Services did not respond to requests for comment. …"

Tribal payday lender can't sidestep consumer laws, court rules

By David Heath

A ruling by a federal judge represents a huge blow to a business run by Scott Tucker, who has used his earnings to finance a racing team.

Excerpts from this story referencing "Kansas":

"… dead in the parking lot of a shopping center in Leawood, Kan., a suburb of Kansas City. Police say he committed suicide but provided no other details. Blain …"

Debt collectors go after service members despite protections

By Daniel Wagner

Soldiers and sailors are being threatened by debt collectors to pay up on ttheir debts illegally, report says.

Tea party operative likely behind mysterious web blitz

By Daniel Wagner

The campaign against government crackdown on online payday lenders is likely created by a consultant to Sen. Ted Cruz.

The mysterious online war against a payday lending crackdown

By Daniel Wagner

Anonymous group called "Stop the Choke" says Obama crackdown on illegal online payments is "destroying the free market."

Excerpts from this story referencing "Twitter":

"… Stop the Choke,” takes a less public approach. Its website, Facebook and Twitter accounts accuse the government of threatening a vast range of Web-based co …"

"… rs’ identity. There is no “about” section on the website. The site, Twitter account and Facebook page include no names, addresses or phone numbers. Th …"

"… or, and we don’t know who set it up.” A public request for comment on Twitter this month did not receive a response. Numerous trade groups representing …"

Former subprime executive making risky loans again

By Daniel Wagner

Andy Pollock, who led First Franklin's bad loan factory, is pushing interest-only loans at new firm.

Six federal agencies are investigating online payday lenders

By Daniel Wagner

Justice, Consumer Financial Protection Bureau have subpoenaed online lenders and the major banks that do business with them.

Excerpts from this story referencing "California":

"… , in a statement. Other states have prosecuted individual online lenders. California sanctioned at least ten online lenders starting last year. Minnesota’s a …"

Payday lenders agree to stop 'deceptive and illegal' practices

By David Heath

Court agreement ends practices feds said were deceptive, illegal

Wells Fargo to pay $175M in lending settlement

By The Associated Press

Justice Dept: Wells Fargo to pay $175M to settle allegations of bias against blacks, Hispanics

Excerpts from this story referencing "Wells Fargo":

"… Wells Fargo Home Mortgage. …"

"… air-lending laws, the Justice Department announced Thursday. Wells Fargo, the nation's largest residential home mortgage originator, allegedly enga …"

"… gin rather than because of differences in credit-worthiness. Wells Fargo also will pay $50 million in direct down payment assistance to borrowers i …"

"… l surtax for African Americans in Miami in 2007 was $3,657." Wells Fargo noted in a statement that it has denied the claims. "Wells F …"

Barack Obama

New law gives US companies a break on pensions

By The Associated Press

Companies win cut in pension contributions; critics say saving pensions is even bigger concern

IMPACT: Tribal payday lender sued by Federal Trade Commission

By David Heath

Auto racer Scott Tucker accused of deceptive lending practices.

Colo. judge issues new ruling in payday lending case against Indian tribes

By David Heath

Judge admits he 'misunderstood' evidence of tribal blame in Scott Tucker's online payday lending operation

Excerpts from this story referencing "Scott Tucker":

"… rs claim ties to Indian tribes.The Colorado Attorney General contends that Scott Tucker, a Leawood, Kan., millionaire and professional race-car driver, started th …"

Indian tribes tied to payday lender escape state probe

By David Heath

State AG drops inquiry into two tribes accused of shielding online payday lender Scott Tucker

Excerpts from this story referencing "judge":

"… ban or restrict payday lending, won a court victory Tuesday when a Denver judge blocked the Colorado Attorney General from investigating them further.The …"

"… n fact, the Colorado Attorney General has subpoenaed Tucker and even had a judge issue a warrant for his arrest for contempt when he failed to respond. But …"

Fraud and folly: The untold story of General Electric’s subprime debacle

By Michael Hudson

High-paid employees of fraud-plagued, GE-owned WMC Mortgage included ex-porn star, strippers

Woman says GE-owned subprime lender deceived, defrauded her

By Michael Hudson

Mortgage on modest home becomes legal nightmare for West Virginia woman

Bank of America to pay record settlement over Countrywide abuses

By John Dunbar

Bank of America to pay record settlement over Countrywide abuses

Excerpts from this story referencing "Countrywide Financial Corp.":

"… f America will pay $335 million to settle allegations of discrimination at Countrywide Financial Corp., the troubled lender it bought in 2008. Countrywide was the nation’ …"

Courts debate validity of Indian-owned payday lenders

By David Heath

Sale of payday-loan business to Indian tribe made to avoid state oversight, attorneys general say

Worst may be yet to come in foreclosure crisis, study says

Millions more homes at 'imminent risk of default' study says

The weekly watchdog: Oct. 24 - Oct. 28

By Bill Buzenberg

In case you missed them, catch up on this week's top investigations from iWatch News

IMPACT: Credit union swaps payday loans for friendlier offering

By Ben Hallman

Utah federal credit union featured in iWatch News investigation moves away from payday lending business

Excerpts from this story referencing "National Credit Union Administration":

"… . The new "Helping Hands” loan complies with rules set by the National Credit Union Administration that permit federal credit unions to lend at a maximum 28 percent ann …"

In trouble from an online payday loan? You might not have to repay it

By David Heath

Regulators urge people not to repay illegal online payday loans

Race car driver Scott Tucker drew an elaborate facade around his payday loan businesses

By David Heath

Payday lender Scott Tucker stayed one step ahead of the law

Payday lending bankrolls auto racer's fortune

By David Heath

Race car driver Scott Tucker hides business behind Indian tribes

Obama's new plan for underwater mortgages may be too little too late

By Michael Hudson

Obama orders Fannie and Freddie to work with borrowers; earlier programs helped only a few

Excerpts from this story referencing "Barack Obama":

"…   …"

Next stop for fight over Wall Street reforms: Federal court

By Shirley Gao

The financial industry is preparing to move its fight against the Dodd-Frank law into the courts

Excerpts from this story referencing "The Daily Show":

"… scores would tend to raise credit scores relating to remittance senders.”The Daily Show – “The Daily Show with Jon Stewart” on Thursday night featured …"

"… aise credit scores relating to remittance senders.”The Daily Show – “The Daily Show with Jon Stewart” on Thursday night featured a musical performance …"

"Dear CFPB" wish lists urge action on mortgages, payday loans, prepaid cards

By Shirley Gao

Advocacy groups have long wish lists for Consumer Financial Protection Bureau

CFPB to analyze Experian, Equifax, TransUnion data to get to bottom of credit score discrepancies

By Amy Biegelsen

CFPB will analyze why a consumer credit score can vary widely

Borrower Nightmares

By Julie Vorman

Leaderless CFPB faces big job taming predatory lenders

Storefront payday lenders criticize online rivals for affiliating with Indian tribes

By Michael Hudson

Online, storefront payday lenders divided as new consumer agency targets industry