Macy’s uses facial recognition software to identify customers on security cameras, lawsuit claims
ABA Journal Daily News
Wells Fargo finds another 145 customers who lost homes after glitch
Wells Fargo said in a filing on Tuesday that an expanded review found additional “errors” that inflated estimates of attorneys' fees for homeowners in the foreclosure process. Legal fees are taken into account when banks determine if customers qualify for mortgage modifications or repayment plans. Foreclosure News
Big banks better for customers than small banks? Not necessarily
Yet again this week, the Hayne royal commission has brought disturbing news of misconduct toward customers of our largest financial institutions. And by far the most significant category within operational losses was “Clients, Products and Business Practices”. Foreclosure News
Wells Fargo says hundreds of customers lost homes because of computer glitch
The embattled bank revealed the issue in a regulatory filing this week and said it has set aside $ 8 million to compensate customers affected by the glitch. is facing “formal or informal inquiries or investigations” from unnamed government agencies over how the company purchased federal low-income housing tax credits. Foreclosure News
After $3.5 Billion Tax Break From Trump, BofA Hikes Fees on Its Poorest Customers
Bank of America's anti-consumer practices have been the subject of numerous protests in recent years. Thousands demonstrated against the bank's foreclosures in 2011. Foreclosure News
Chemerinsky: Is there a constitutional right for a business to not serve customers?
ABA Journal Daily News
FHA losing customers rapidly as premiums spur refinancing
The Federal Housing Administration's financial health is benefiting from continued reductions in delinquencies and foreclosures, but the FHA is also losing some of its best customers at a fast clip. The “serious” delinquency rate on FHA-insured home loans dropped to 4.28% in the third quarter of fiscal year 2017, according to an FHA quarterly report […]
Subway foot-long settlement ‘utterly worthless’ to customers, 7th Circuit says
A federal appeals court has tossed an injunctive settlement in nine consolidated lawsuits that contended some Subway sandwiches fell short of the touted foot-long length. ABA Journal Daily News
Case.one offers lifeline for Firm Manager customers
ABA Journal Daily News
Man pleads guilty to fleecing customers, tax evasion
A Columbus man who told homeowners reeling from the Great Recession he could have their mortgages reduced or eliminated pleaded guilty Monday to wire fraud, money laundering and tax evasion. Federal prosecutors said Gary Jones, 54, stole $ 2.2 million from about 100 clients and about $ 480,000 from the government for not paying income taxes from 2009 […]