ByDavid Dayen; illustrated byLia Kantrowitz Jul 17 2017, 4:27pm The bank became notorious last year for creating fake accounts on behalf of customers. Now it’s trying to kill a class-action lawsuit over shady debit card fees. Wells Fargo became a poster child for corporations that abuse their own customers last year when it got fined …
David Dayen: Wells Fargo Is Trying to Bury Another Massive Scandal Read More »
Billions in Student Debt Could Disappear Because of Lost Paperwork The latest example of America’s legal system being a total shitshow might actually help you out—if it doesn’t screw you over first. In 2006, Pablo Ramirez took out a private loan to attend Westwood College, a now-shuttered for-profit diploma mill in Fort Worth, Texas. Eight …
David Dayen at Vice: Billions in Student Debt could Disappear because of Lost Paperwork Read More »
It comes as no surprise that a tiny subsidiary of Quicken was getting kickbacks on appraisal fees and that the appraisals were “MAI” (Made As Instructed.” This is one of the lynchpins of the illegal scheme. The higher appraisals got everybody excited about a housing boom that was a complete illusion. As soon as lending …
Quicken Loans Banged for $11 Million Appraisal Fraud Read More »
