Friday, May 24, 2019

Guest Bloggers: Febe Zepeda and Baldomero Garza “How ‘lawsuit lending’ is putting families at risk”

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 […]

Countrywide Agrees to Pay $335M in Landmark Case over Discriminatory Lending Practices Against Latinos

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 […]