Foreclosure Problems was Forecasted by Fannie Report in 2006
4/27/11 Long before the regulators started investigations into the practices of the mortgage industry, an internal report in 2006 already warned Fannie Mae of abuses in the manner lenders and their law firms administered foreclosures. The report stated that foreclosure attorneys in Florida had “routinely made” incorrect statements in court in an effort […]
Legal Analysts Say That Nursing Homes Industry Medicate Rate Cuts Violate Federal Laws
4/27/11 A legal analysis made available to the skilled nursing home industry concerning a proposal for a reduction in the Medicaid rate to cover the expenses in caring for the seniors in Nevada states that the cuts would be in violation federal laws. The proposed $20 cuts for every Medicaid resident per day […]
Damage Claim of Record Industry against A P2P Site Called “Absurd” By A US Judge
4/27/11 Last year, the US-based file-sharing network company LimeWire finally lost a long drawn out legal battle against various record labels. Subsequently, the claim for damages was filed against the file-sharing company. However, the damage claim was so ridiculously over-inflated that a US judge yesterday called such claims “absurd.” The damage claim, which […]
Texas State Legislature Requested to Regulate Loans
4/27/11 Several cities across the state of Texas have asked the Legislature to regulate the increasing number of businesses making short-term loans. The cities include Dallas, Midland, El Paso, Lubbock, San Antonio and Houston. In passing resolutions similar to the one unanimously approved by the Lubbock City Council two months ago, these municipalities […]
Federal Trade Commission Reveals That Debt Collectors Incite More Complaints
4/27/11 The Federal Trade Commission (FTC) reported that debt collectors have incited more complaints compared to other industries. In fact, the report showed that the debt collection industry causes Americans more pain than any other business. In 2010, 140,036 complaints regarding debt collection were received by the FTC. It shows an increase of […]