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More Legal Woes for Bank of America?
Will the Bank of America never learn? After a multibillion dollar settlement in the robosigning bank fraud scandal and ongoing court battles related to charges of skewing numbers reported to LIBOR, the...
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More Apologies from the Fed to Mortgage Settlement Victims
Rust Consulting isn’t exactly a household name – but for many victims of the robosigning scandal of 2009-2010, it may become a dirty word. Yet another apology issued by the Federal Reserve for Ruts’...
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Major Lenders Face New Complaints
Like the endlessly looping rerun of a really bad television show, the nation’s top five banks behaving badly are still stalling and misleading customers, even after a string of lawsuits, settlements...
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Bank Fraud Court Rules: You Are Your Profile
In social media’s infancy, an online profile was just a way of staking out a little piece of cyberspace in order to connect with other people – an address in cyberspace. But as social networking...
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No End in Sight For Bank Settlements?
As the latest in the long line of bank fraud investigations comes to a close, JP Morgan Chase has reached a tentative settlement deal with the US Justice Department to the tune of $13 billion....
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Do Bank Fraud Settlements Help Customers?
Another day, another bank fraud settlement. This time it’s Bank of America again, as the US Justice Department seeks damages to the tune of nearly $864 million in an October 23, 2013 verdict involving...
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Life After Lawsuits: Megabanks Try to Regroup
After racking up over $40 billion in legal fees fighting government sponsored lawsuits over the past few years, Bank of America wants you to know it’s changed its ways. Faced with allegations of...
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Do You Have a Dirty Digital Footprint?
A 2013 circuit court ruling declared that for legal purposes, you are your social media profile. As the lines between our digital lives and the “real world” keep on blurring, the footprints we leave in...
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Who’s Really Paying For Bank Settlements?
Since 2010 the nation’s biggest banks have paid out billions in settlements over fraud, misrepresentation and downright illegal banking practices. But lawsuit after lawsuit continues to catch the...
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