Banks

A foreclosed Stockton home. (Justin Sullivan/Getty Images)

California To Receive More Than $20 Billion From Mortgage Settlement

California should receive at least $20.6 billion from a settlement with the nation’s major mortgage lenders, the largest share of any state and about $2 billion more than expected when the agreement to assist homeowners was announced last year, according to a report released Thursday.

2013/02/21

ConsumerWatch: Banks Agree To Pay $8.5B For Foreclosure Abuse

U.S. banks have taken another step to clear away the wreckage of the 2008 financial crisis by agreeing to pay $8.5 billion to settle charges that they wrongfully foreclosed on millions of homeowners.

2013/01/07

The exterior of an Oakland Wells Fargo Bank branch. (Justin Sullivan/Getty Images)

Feds Sue Wells Fargo Over FHA-Insured Loan Defaults

The federal government has sued Wells Fargo Bank in New York, blaming the nation’s largest originator of home mortgages for thousands of loan defaults over the last decade.

2012/10/09

ConsumerWatch: Fees Catch Customers By Surprise On ‘Free For Life’ Bank Accounts

Some Bank of the West customers are complaining that checking accounts that were supposed to be “Free for Life” are no longer free.

2012/09/13

Lenders Say Stockton Bankruptcy Costing Millions, While City Continues Pension Payments

A bond insurer said lenders are losing millions in Stockton’s bankruptcy while the city continues to fund pricey pensions.

2012/08/03

Gov. Brown Signs ‘Homeowners Bill of Rights’ Into Law

California has a new law to stop what Gov. Jerry Brown calls abusive home lending tactics.

2012/07/11

A foreclosure sign hangs on a fence in front of a foreclosed home on April 6, 2011. (Justin Sullivan/Getty Images)

California Lawmakers Approve Bill To Make Mortgage Reform Permanent

California’s State Assembly and Senate both passed a package of protections for homeowners designed to prevent further foreclosure abuse. The legislation now goes to Gov. Brown.

2012/07/02

ConsumerWatch: Government Launches Credit Card Complaint Database

The government is launching an online database of complaints about credit cards. The public can see what types of complaints people have filed against any bank that issues credit cards.

2012/06/19