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Disorganization at banks causing mistaken foreclosures

Disorganization at banks causing mistaken foreclosures
May 6, 2010 --

Millions of people face losing their homes in the continuing foreclosure crisis, but homeowners often have more than the struggling economy and slumping house prices to worry about: Disorganization within the big banks that service mortgages has made a bad problem worse. Sometimes the communication breakdown within the banks is so complete that it leads to premature or mistaken foreclosures.

Car dealers protected from new consumer protection agency

Car dealers protected from new consumer protection agency
October 29, 2009 --

Last week, the House Financial Services Committee voted to establish a new Consumer Financial Protection Agency. The agency would have broad authority – but thanks to fierce lobbying, it’ll also have big gaps. Consumer advocates point to an exemption for auto dealers as one that’s particularly worrisome.