An insidious problem has been creeping into the shady world of predatory lending – the practice of lawsuit lending. It goes something like this: a seemingly helpful representative of a lawsuit lender approaches plaintiffs who are involved in a personal injury or other type of lawsuit. In many cases, these plaintiffs find themselves in tough […]
Guest Bloggers: Febe Zepeda and Baldomero Garza “How ‘lawsuit lending’ is putting families at risk”
October 9, 2013 By
Countrywide Agrees to Pay $335M in Landmark Case over Discriminatory Lending Practices Against Latinos
December 23, 2011 By
In the largest residential fair-lending settlement in history, Bank of America’s Countrywide Financial Corporation has agreed to pay $335 million to settle a dispute over allegations of systemic discrimination against qualified Latino and African-American borrowers. Latinos made up about two-thirds of the cases investigated by the Department of Justice, which reviewed over 200,000 cases across 41 […]
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