Today, the Consumer Financial Protection Bureau (CFPB) took action against U.S. Bank for illegally accessing its customers’ credit reports and opening checking and savings accounts, credit cards, and lines of credit without customers’ permission. U.S. Bank pressured and incentivized its employees to sell multiple products and services to its customers, including imposing sales goals as …
Last week new information in the lawsuit between Morgan Drexen and the CFPB brought to light a commission compensated department called the Preferred Creditor Program. You can read that article, here. At least one commenter mentioned Morgan Drexen is not the only company to have such a program. If not, then an industry wide problem …
Darrell Neilander, a former client of the foreclosure/tust company/mass joinder companies Omni Home Solutions and Rampart MMW sent in the following contributed information in an effort to help inform others of his experience with two companies that are claiming to help save his property from foreclosure and get his home free and clear. I’ve written …
Those in Ohio who are receiving unemployment benefits will be getting a bit of a reasonable break come July 18, reports Policy matters Ohio. Seems that until now, the Reliacard prepaid debit cards that are issued by US Bank to deposit benefits on would hit the unemployed with a $17 overdraft charge. But you’ve got …
by Marian Wang, ProPublica When Massachusetts’ highest court ruled against U.S. Bank and Wells Fargo earlier this month and invalidated two foreclosures, the decision was hailed by some as an important precedent [1] for courts seeking to resolve foreclosure disputes. While the decision’s impact isn’t entirely clear, even Wall Street analysts who downplayed its applicability …
From our friends over at the Consumerist comes this nugget from a reader. I have been unemployed in Oregon for a couple of months. Oregon uses US Bank to distribute funds and gives beneficiaries a visa debit card in which is deposited their funds every month. We needed a printout to prove I was receiving …
Andy “Dear Steve, About four years ago, my wife lost her job. She was having difficulty getting a job and used credit cards hoping she could get a job soon and we could repay them. Unfortunately, when she finally did get a job about six months ago (earning about 40% of her previous income), we …