Wells Fargo announced it is aiming for a bigger market share of the Payday loans market.
For years the banks and the government agencies have failed my family and 4.2 million families with regards to getting justice from the abusive practices by big banks involving home loans, modifications and the foreclosure process.
The only justice I ever saw was through outside agencies: On-Track out of Asheville, NC an independent family support group, my lawyer & now maybe the Independent Foreclosure Review. The Independent Foreclosure Review involved 13 bank servicers that abused families with regards to modifications and foreclosures on their homes. It involved 4.2 million families, 9.3 million dollars, and is based on a case by case basis.
The following links are two letters that I received from my Independent Foreclosure Review. The (front of the letter) and the (back of the letter) that I received on February 8, 2013. This letter states that they received my packet and that basically, they would determine if I had been wronged by the bank – JPMorgan Chase Bank.
Day before yesterday, March 21, 2013, I received the following card, (the front) and (the back) from Rust Consulting, Inc. the paying agent for the settlement. This letter card reads, “You are eligible to receive a payment as the result of an agreement between JPMorgan Chase and federal banking regulators – the Office of the Comptroller of the Currency and the Federal Reserve Board – announced in January. This payment is related to an enforcement action regarding deficiencies in the mortgage servicing and foreclosure process of JPMorgan Chase. Payment will be made by the paying agent – Rust Consuting, Inc.”
“You will receive a check or additional information about your payment from Rust Consulting within approximately four to eight weeks. Please watch your mail.”
(CHASEHOMEFINANCESUX RESPONSE: SWEET VINDICATION!, THE FIRST THING I HAVE RECEIVED WHERE CHASE BANK ADMITS TO ANY WRONGDOING, AT LEAST TO MY FAMILY.
BUT WHAT DOES THE INDEPENDENT FORECLOSURE REVIEW GROUP FEEL THE ABUSE OF MY FAMILY FOR 3 ½ YEARS IS WORTH!? THEY ESTIMATE PAYOUTS TO BE $500 MINIMUM, TO A MAXIMUM OF $125,0000.
JAMIE DIMON MADE OVER $75 MILLION DURING THE YEARS HIS BANK ABUSED MY FAMILY, AND HUNDREDS OF THOUSANDS OF OTHER FAMILIES, INCLUDING MILITARY FAMILIES!
SO, IF JAMIE DIMON CAN MAKE THAT MUCH MONEY ROBBING AND STEALING FROM FAMILIES. WHAT IS THE COMPENSATION FOR THAT ABUSE TO EACH FAMILY? I WILL BE VERY CURIOUS TO SEE WHAT AMOUNT MY FAMILY RECEIVES, BASED ON THE MONETARY THEIVERY AND ABUSES BY JPMORGAN CHASE BANK. STAY TUNED . . . )
“”I don’t think that I’m the only person in the world who can manage the exit,” Bernanke said when asked at a news conference in Washington if he’s discussed his plans with President Barack Obama. His term expires at the end of January.”
“If the Treasury Department or White House do not weigh in strongly and soon against House efforts to undermine Dodd-Frank derivative provisions, the limited gains in Dodd-Frank may begin to recede. If Wall Street proponents succeed in passing this wave of Dodd-Frank “fix it” bills, more will follow. Wall Street reform is a legacy issue for the president. Does he really want a derivative deregulation bill to reach his desk in the coming months? ”
“The report also faults the FHFA for failing to validate data provided to it by Freddie Mac, a consistent criticism that the inspector general has levied in past reports. In 2011, the inspector general concluded that the agency was not doing enough to track homeowner complaints. ”
“Jim Rickards joins Lauren Lyster with the Yahoo Daily Ticker to discuss gold, and plans for a Texas Depository run by the state of Texas that holds gold and will protect it from Federal confiscation under the 10th Amendment. The proposed legislation would allow Texas pension funds to invest in PHYSICAL gold (such as the Texas Teachers Retirement fund, one of the largest pension funds in the world after CALPERS) and would create the Texas bullion depository- the Fort Knox of Texas! ”
“For now, they claim the ‘levy’ will be “not much higher than 0%” and is mainly aimed at regions in Spain that have “made no effort to collect taxes” based on new revenue expectations.. [but] it now leaves the door open to eventually effectively taxing [all] the deposits”
An exhaustive study by three congressional committees delivers startling news about the dire effects of Obamacare: President Barack Obama’s signature legislation could increase health insurance premiums by over 200 percent and render insurance coverage unaffordable for millions of Americans.
Credit Suisse Group AG (CSGN), the second- biggest Swiss bank, raised Chief Executive Officer Brady Dougan’s total compensation by 34 percent for 2012, a year when net income declined.
In a Securities and Exchange Commission filing earlier in March, Fannie Mae said it would delay filing its 2012 financial report as it considers releasing a $61.5 billion deferred tax valuation allowance.
The potential release would bolster Fannie’s earnings and capitalization, in a move the company said could help it begin repaying the U.S. Treasury on a $100 billion-plus taxpayer supported bailout.