Lending Fraud
fraud, fradulent borrowing

NYC Family Arrested for $20 Million Mortgage Fraud Scam, While Collecting Food Stamps

Posted: November 14, 2014 at 5:27 pm   /   Business & Investment Fraud, Consumer News, Lending Fraud, Sham Contractors & Salesmen

The following article uncovers a 10 year long mortgage fraud scheme involving a prominent New York real estate developer and 13 family members. The family reported extensive wealth to banks […]

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A Rate Cap for All Consumer Loans

Revision of Military Lending Act Highlights Need For a Rate Cap on All Consumer Loans

Posted: October 23, 2014 at 8:00 am   /   Lending Fraud

The Obama administration has proposed much-needed improvements in federal rules that are supposed to protect service members from predatory loans that trap them in debt and, in certain circumstances, can […]

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Loan Fraud Inquiry Said to Focus on Used-Car Dealers

Posted: October 4, 2014 at 9:43 am   /   Lending Fraud

Lenders in the housing boom created so-called liar loans, which enabled borrowers, even those with no income or assets, to inflate their income. Government authorities are now taking aim at […]

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Auto Lenders Under Federal Investigation

Posted: September 16, 2014 at 5:52 pm   /   Consumer News, Lending Fraud, Uncategorized

The Consumer Financial Protection Bureau is set to place non-bank auto lenders under federal investigation as of Thursday, September 18, 2014 due to drastic increases in auto loans over the […]

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NJ Judge Rules Freedom Mortgage Guilty of Fradulent Lending

Posted: September 11, 2014 at 1:35 pm   /   Business & Investment Fraud, Consumer News, Lending Fraud

The irresponsible lending practices of mortgage brokers has cost American’s millions of dollars and in many cases, their homes. A New Jersey based judge recently ruled Freedom Mortgage Corp. guilty […]

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