Class Action Lawsuit Against Bank of America for Unlawful Debt Collection Calls/Texts(Source: U.S. District Court for the Northern District of California) – A notification program is underway, as approved by the United States District Court for the Northern District of California, to alert cellular telephone users that a $32,083,905 Settlement has been reached in a class action lawsuit claiming that Bank of America unlawfully used an automatic telephone dialing system and/or an artificial prerecorded voice to call or text cell phones without the prior express consent of the recipients.

Kentucky Lawsuit Against MERS Moves Forward Over Consumer Protection Act Violations(Source: Attorney General Jack Conway) – Attorney General Jack Conway today announced that a Franklin Circuit Court judge has ruled that the Office of the Attorney General properly alleged violations of Kentucky’s Consumer Protection Act against MERSCORP Holdings, Inc., and its wholly-owned subsidiary Mortgage Electronic Registration Systems, Inc. (MERS).

US plans new bank fraud cases in early 2014: gov’tIn an interview with Reuters, Holder would not say which companies or how many could face lawsuits but said the Justice Department was in contact with them and it was hard to say whether the talks would lead to settlements. “We have a number of investigations that are coming to a head at the same time,” he said.

Bank of America to pay Freddie Mac $404 million in mortgage settlementCredit: Reuters/Fred Prouser The logo of the Bank of America is pictured atop the Bank of America building in downtown Los Angeles November 17, 2011. The settlement covers about 716,000 loans and compensates Freddie Mac for past losses and potential future losses related to denials, rescissions and cancellations of mortgage insurance, Freddie Mac said in a statement.

Author narrates American blockbuster saga behind $70M BOA lawsuitPosted Wednesday, November 27, 2013-7:13 am ( PR NewsChannel) / November 27, 2013 / PALM BEACH, Fla. What kind of person gets sued for $60 million by an ex-pro football player who obtained a $33.3 million default judgment? Who chins up after losing everything from the manse, even clothes and shoes, to breathe deep and tell the story?

Federal judge tosses lawsuit by 14 counties against mortgage registration firmA federal judge has dismissed a lawsuit filed by 14 Kentucky county attorneys against a mortgage registration firm. U.S. District Court Judge Henry Wilhoit Jr. said Boyd County Attorney Phillip Hedrick and others lacked statutory standing to sue the Virginia-based Mortgage Electronic Registration Systems, known as MERS.

Exclusive: Nonprofit that flipped homes to investors faces scrutinyCredit: Reuters/Mario Anzuoni Two mailboxes stand behind the steel fence of a foreclosed home in Los Angeles, California July 17, 2012. The U.S. Department of Housing and Urban Development’s Office of the Inspector General late last year began probing San Diego-based Heartland Coalition’s participation in the “First Look” program in Las Vegas and other U.S.

Appeals court upholds stop-and-frisk ruling, ending Bloomberg’s final attempt at reversalA federal appeals court declined Friday to block the decision by a district court judge that the New York Police Department’s stop-and-frisk policy is unconstitutional, marking an end to outgoing Mayor Michael Bloomberg’s bid to reverse the ruling.

JPMorgan says ‘mea culpa’ in $13 billion settlement with U.S.Credit: Reuters/Mike Segar/Files 1 of 2. A sign outside the headquarters of JP Morgan Chase & Co in New York, in this September 19, 2013 file photo. The behavior that the largest U.S. bank admitted to, authorities said, is at the heart of what inflated the housing bubble: lenders making bad mortgages and selling them to investors who thought they were safe.

Dallas County’s fee dispute with lawyers sinks settlement of federal lawsuitA settlement in a complicated lawsuit in which Dallas County District Attorney Craig Watkins retained high-powered outside lawyers in an attempt to recover tens of millions of taxpayer dollars has died because those lawyers and the county couldn’t agree on legal fees.

Take Back the Land’s Catherine Lennon Seals Historic Foreclosure Fight VictoryIn a Precedent Setting Move, Bank of America Deeds House Back to Catherine Lennon Without a Mortgage Rochester, NY – In an unprecedented victory, Catherine Lennon, who gained local and national attention after moving back into her foreclosed home after being evicted, was according to public records, recently deeded back her house, without a mortgage.

JPMorgan Chase agrees to pay $4.5 billion on mortgage security claimsCredit: Reuters/Eduardo Munoz People walk inside JP Morgan headquarters in New York, October 25, 2013. The bank reached the agreement with 21 institutional investors in 330 residential mortgage-backed securities trusts issued by JPMorgan and Bear Stearns, which it took over during the financial crisis, according to the bank and lawyers for the investors.

United Credit Recovery Faces Lawsuit Over Deceptive Debt Collection Practices(Source: Minnesota Attorney General Lori Swanson) – Minnesota Attorney General Lori Swanson yesterday filed a lawsuit against a Florida company that purchased millions of charged-off customer accounts from large banks, and then manufactured affidavits to aid in the collection of those accounts from individuals and businesses.

Bank of America: Inside America’s Most-Hated BankBank of America’s management team wants to put all of the litigation relating to the financial crisis behind it, so they can pivot toward growing the overall business for shareholders. This strategy won’t be easy. The company’s reputation with its customers is the lowest of any bank in America right now.

Bank of America liable for Countrywide mortgage fraudCredit: Reuters/Fred Prouser The logo of the Bank of America is pictured atop the Bank of America building in downtown Los Angeles November 17, 2011. After a four-week trial, a federal jury in New York found the bank liable on one civil fraud charge.

BofA Said to Face Three More Probes of Mortgage-Bond SalesBank of America Corp., sued by U.S. attorneys in August over an $850 million mortgage bond, faces three more Justice Department civil probes over mortgage-backed securities, according to two people with direct knowledge of the situation. U.S.

U.S. housing regulators seek over $6 billion from BofA: FTCredit: Reuters/Fred Prouser A customer stands at an ATM machine at a Bank of America office in Burbank, California August 19, 2011. The FT said the Federal Housing Finance Agency (FHFA), pursuing claims on behalf of finance agencies Fannie Mae and Freddie Mac that back about half the existing U.S.

JPMorgan in tentative $13 billion deal with U.S. Justice Department: sourceCredit: Reuters/Mike Segar A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. The tentative deal does not release the bank from criminal liability for some of the mortgages it packaged into bonds and sold to investors, a factor that had been a major sticking point in the discussions, the source said.

San Diego lawyer settles major robo-call lawsuitSAN DIEGO (CBS 8) – A San Diego lawyer has settled a milestone robo-calling class action lawsuit against Bank of America. The deal requires the mortgage servicer to pay more than $32 million to nearly 8 million people.

Bank of America in record settlement over ‘robocall’ complaintsCredit: Reuters/Eduardo Munoz A man walks next to a Bank of America’s branch in New York October 24, 2012. The settlement will resolve multiple proposed class action lawsuits filed on behalf of 7.7 million of the bank’s credit card and mortgage loan customers, according to court documents.