Tagged: predatory lending

The new law prohibits the recording of NTRAPS in property records, creates penalties if NTRAPS are recorded, and provides for the removal of NTRAPS currently in place.

The Justice Department and Consumer Financial Protection Bureau allege Colony Ridge used social media to exploit immigrants' homeownership dreams, leading to high foreclosure rates and economic hardship in Hispanic communities.

Officials in 3 Ga. counties filed the complaint claiming Wells Fargo engaged in an 'equity stripping' scheme that targeted minorities.