Linda Almonte, a former employee of JPMorgan Chase who is suing the bank for wrongful termination, has upped the ante by filing a whistleblower complaint with the SEC. She’s alleging grotesque and illegal practices with Chase c…
The foreclosure crisis continues to pummel millions of Americans, and it has given rise to new con artists offering false assistance that leaves homeowners even deeper in debt. If you don’t want to get kicked when you’re alread…
Bank of America challenges testimony by one of its operational leaders — that Countrywide may have held on to homeowners’ notes that it should have put into a trust. But the testimony is reinforcing fears that BofA is in big t…
This week, the Congressional Oversight Panel recommended that the nation’s big banks be stress tested again, because if problems with mortgage-backed securities are widespread, the consequences could be dire. Now, the Fed has a…
Last month, the New York court system started requiring banks filing foreclosure cases to submit special sworn statements aimed at eliminating robo-signing. Now the judges in Cuyahoga County, Ohio, which includes Cleveland, are…