Moe Bedard

Ohio Attorney General Richard Cordray today urged Congress to resist efforts to strip state attorneys general of their power, pointing to Ohio’s case filed last November against Wall Street’s three rating agencies as a leading example of why states need to retain the ability to defend its citizen...

United States Attorney Peter F. Neronha and Rhode Island Attorney General Patrick C. Lynch announced today that they have formed and held the first meeting of the Rhode Island Mortgage Fraud Task Force, an initiative linking federal and state agencies in the fight against mortgage fraud. Consisti...

Hello guys… I have a Wells Fargo mortgage. We were not late or have ever been delinquent with paying the mortgage, but was afraid that we would fall behind soon due to our high property tax increase. Late summer of last year, we contacted Wells Fargo to inquire about a modification. They did thei...

The Federal Trade Commission today told the U.S. Senate Committee on Commerce, Science, and Transportation that the FTC will continue its stepped-up efforts to protect financially strapped consumers from deceptive and abusive debt relief scams. The testimony, presented by FTC Commissioner Julie B...

U.S. Senator Kay R. Hagan (D-NC) today will introduce legislation to ensure payday lenders can no longer send hardworking families into a spiral of debt. The Payday Lending Limitation Act of 2010 protects borrowers by ensuring that short-term cash advances remain short-term. Senators Richard J. D...

In this Fox Business article the video shows, Americans for Prosperity’s Phil Kerpen on the possible links between the Consumer Financial Protection Agency and those who started the financial crisis. Kerpin clarifies how John Paulson of Paulson and Co. , who profited massively from the mortgage c...

At the Federal Trade Commission’s request, a federal court has banned eight companies and their principals from selling credit repair and mortgage relief services, and ordered them to pay more than $7.5 million for deceiving consumers throughout the United States. In February 2009, the FTC charge...

John Maddux- For many people, a good credit score is like fine china sitting in a cupboard. They’re glad they have it, but quite frankly they don’t use it and definitely put way too much worth on it. If you have a good working car, a place to live, a debit card, a credit card and a savings accoun...

In a surprise mortgage move, Steve Bailey, once head of the infamous Countrywide Home Loans Senior Managing Director for Loan Administration. Bailey had worked for Countrywide for 23 years before Bank of America purchased the concerned lender in 2008 and he became Chief of Loan Servicing for BofA...

Wells Fargo & Company (NYSE:WFC) reported diluted earnings per common share of $0.45 and net income of $2.5 billion for first quarter 2010. “Once again the resiliency and compensation of Wells Fargo’s diversified business model proved themselves in a difficult business situation, even as we conti...