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 "Scott Tucker":

"… harges. The Center for Public Integrity and CBS News exposed in 2011 that Scott Tucker, a convicted felon turned professional race-car driver, started the online …"

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 "Gloria Navarro":

"… affiliated with Indian tribes. The March 7 ruling by U.S. District Judge Gloria Navarro of Nevada was a huge blow to a payday lending business run by Scott Tucker …"

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."

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.

Excerpts from this story referencing "Merrill Lynch":

"… n, a subprime lender whose risky loans to vulnerable consumers nearly sank Merrill Lynch, which was forced to sell itself to Bank of America. WDB Funding is the th …"

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 "Barack Obama":

"… ud Enforcement Task Force, a working group originally created by President Barack Obama to “investigate and prosecute significant financial crimes and other vio …"

Payday lenders agree to stop 'deceptive and illegal' practices

By David Heath

Court agreement ends practices feds said were deceptive, illegal

Excerpts from this story referencing "Scott Tucker":

"… were illegally deceived. The business was founded and is still managed by Scott Tucker, best known as an endurance race-car driver who recently won the Baltimore …"

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 "bank":

"… At a news conference, Deputy Attorney General James Cole said the bank's discriminatory lending practices resulted in more than 34,000 African-Am …"

"… crisis will have an opportunity to access homeownership. The bank will pay $125 million in compensation for borrowers who were steered into …"

"… ment's civil rights division. Perez said that because of the bank's practices "an African-American wholesale customer in the Chicago area in …"

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

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

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

Excerpts from this story referencing "WMC Mortgage Corp.":

"… ome loans by paying roughly half a billion dollars to buy California-based WMC Mortgage Corp.What GE got in the bargain, former WMC employees say, was a place where ers …"

Woman says GE-owned subprime lender deceived, defrauded her

By Michael Hudson

Mortgage on modest home becomes legal nightmare for West Virginia woman

Excerpts from this story referencing "WMC Mortgage Corp.":

"… laid out the costs and details of her loan.The $67,500 loan was funded by WMC Mortgage Corp., a subsidiary of General Electric since 2004.GE shuttered WMC in 2007, but …"

Bank of America to pay record settlement over Countrywide abuses

By John Dunbar

Bank of America to pay record settlement over Countrywide abuses

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

Excerpts from this story referencing "Scott Tucker":

"… yday-lending business shells out in some months to the auto-racing team of Scott Tucker, a Kansas millionaire and a minor celebrity in the sport of endurance raci …"

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

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

Excerpts from this story referencing "Washington":

"… l Institutions and was told that Ameriloan is not licensed in the state of Washington to make payday loans. As a result, Ameriloan could not make Coons pay bac …"

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

Excerpts from this story referencing "AMG Services":

"… tribe.” Tucker acknowledged Friday for the first time that he works for AMG Services, the paydaylending business that the Miami Tribe of Oklahoma says it owns …"

"… he same day as several of Tucker’s relatives were two tribal businesses, AMG Services and MNE Services. AMG Services operates out of an office complex in Overl …"

"… ’s relatives were two tribal businesses, AMG Services and MNE Services. AMG Services operates out of an office complex in Overland Park, the same office that T …"

"… at Tucker lists as his own in Securities and Exchange Commission filings. AMG Services pays the property tax on Tucker’s $8 million vacation retreat in Aspen, …"

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":

"… ble.gov.   …"

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

"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

Excerpts from this story referencing "Margaret Mosunic":

"… erms changedAfter living in her Queens, N.Y., brick rowhouse for 40 years, Margaret Mosunic was approached by a mortgage broker offering her a $40,000 home equity loa …"

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

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