May 22, 2012

FTC hopes to fight mortgage fraud

FTC hopes to fight mortgage fraud Feb. 10, 2010 — Chicago Sun-Times To combat fraud, the U.S. Federal Trade Commission seeks to ban foreclosure rescue and mortgage-modification-services companies from charging upfront fees. Spec Houses Rise as Builders...(read more)

Medical Bankruptcy

Consumer Debt Rose $21 Billion Last Month Thanks to Credit Card Use

The total amount of consumer credit circulating in the United States rose by more than $21 billion last month, raising concerns that more people … [Read More...]

ResCap Files For Bankruptcy, Eyes Paying Back Taxpayer Bailout Money

Ally Financial Inc’s mortgage unit, named Residential Capital (ResCap for short), filed for bankruptcy on Monday, according to Reuters. Ally … [Read More...]