Weak Settlements for Wrongdoing by Banks Still May Benefit You

There have been several recent settlements between various federal and state agencies and financial institutions.   You may qualify for some restitution under some of the settlement agreements.

Did you know that the Department of Justice settled with Wells Fargo and Countrywide/Bank of America for discriminatory lending practices, giving Black Americans and Latino Americans worse loans than the ones they offered to other demographic groups?

Did you know that the federal banking regulators settled with some of the nation’s major banks with stipulations that require, upon request, a review of all mortgages serviced by the top five banks if the home was involved in any part of a foreclosure process during 2009 or 2010?

Our firm is happy to discuss these settlements with you to determine if filing for review is worth your time and attention.   We offer an affordable fee structure to give you guidance on these issues.

We recommend you seek legal advice before proceeding on your own.

Information on the Department of Justice Wells Fargo Discriminatory Lending Settlement:  http://www.justice.gov/opa/pr/2012/July/12-dag-869.html

Information on the Department of Justice Countrywide/Bank of America Discriminatory Lending Settlement:  http://www.justice.gov/opa/pr/2011/December/11-ag-1694.html

Information on the Federal Banking Regulators’ Foreclosure Fraud Independent Review: http://www.occ.gov/topics/consumer-protection/foreclosure-prevention/correcting-foreclosure-practices.html

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