An 18-year-old who sued her parents to compel them to pay for her college education and other living expenses was denied her request for emergency funds in a court hearing Tuesday. There will be follow-up hearing April 22 to decide whether her parents will be required to pay college tuition. The teen is living with... Read More
Three of the nation’s largest lenders now face two antitrust lawsuits related to charges of collusion. American Express, Discover Financial Services and Citigroup are accused of colluding to force customers who brought complaints against them into arbitration rather than class action suits, according to a report from Reuters. The lawsuit claims the point of these... Read More
Comcast sent Karen to collections for a bill she didn’t owe, and it took her several months to clear it up. She’s angry and wants to take them to court to sue them for damaging her credit. She wants to know how much she can ask for. Here’s how Karen described it in an email... Read More
Consumers filed 570 federal lawsuits against debt collectors and creditors in just the last two weeks of March, the highest number so far this year, according to a tally by PaymentsSource.com. It was the most lawsuits filed in a two-week period all year. The vast majority of the suits, 562, alleged violations of the federal... Read More
The nation’s largest banks expect to pay billions of dollars in fines and legal bills as a result of a 50-state investigation into foreclosure paperwork problems arising from the “robo-signer” scandal. Annual reports filed with the Securities and Exchange Commission, Wells Fargo, Citigroup and Bank of America stated that the investigation could cost each company... Read More
American taxpayers already have spent more than $160 million to defend lawsuits against Fannie Mae and Freddie Mac, the two federally-owned mortgage giants. More than $24 million of that money went to defend Fannie’s top three former executives, who caused many of the lawsuits by “deliberately and systematically” lying about the company’s earnings to boost... Read More
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