Ralph Nader Mortgage Cancellation Secrets

By now all consumers have been made aware that the Consumer Financial Protection Bureau (CFPB) powers were reduced and essentially taken away. This is really bad and not good for the little guy, but there is still hope for those who want to challenge their mortgage lenders. According to an article written by Ralph Nader on commondreams.org, The Consumer Financial Protection Bureau (CFPB) restored consumers’ constitutional right to challenge fraud, cheating, deception, and swindles perpetrated by banks and other financial institutions before an impartial judge or jury. Ralph Nader Makes Open Call Nader cites in his open letter to President Donald Trump:  “Unscrupulous banks, payday lenders,Read More →

Consumer Financial Protection Bureau (CFPB) is a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly. CFPB Highlights Approximately $1.15 million in consumer remediation and $1.75 million in civil monetary penalties resulting from public enforcement actions that grew out of or were bolstered by CFPB examinations. Mortgage Origination and Servicing: The report details the results of supervision following the CFPB’s first round of mortgage examinations for compliance with the Bureau’s “Know Before You Owe” mortgage disclosure rule. The publication states that “for the most part, supervised entities, both banks and nonbanks, were able to effectively implement and comply withRead More →