Sentences with phrase «for fraudulent loans»

The average FICO score for the fraudulent loans was 711.

Not exact matches

The latter re-incorporated themselves as «banks» to get Federal Reserve handouts and access to the Fed's $ 2 trillion in «cash for trash» swaps crediting Wall Street with Fed deposits for otherwise «illiquid» loans and securities (the euphemism for toxic, fraudulent or otherwise insolvent and unmarketable debt instruments)-- at «cost» based on full mark - to - model fictitious valuations.

Ideas include creating a deal agent to look after investors» interests and ensure quick compensation for any badly underwritten or fraudulent loans.

The biggest auto loan provider, Santander, is under investigation in at least 30 states for fraudulent lending practices and recently settled a lawsuit for $ 25 million.

That is, it is accepted that the initial loan is deemed fraudulent and they are given the option of exchanging their prior payments for giving up the house.

They declared large profits on fraudulent loans, and paid out an amount equal to their entire capital on wages and salaries for upper management, and dividends.

You have to be willing to throw the bankers in jail for cheating, and make a law saying that if a banker makes a loan to a property without knowing how the borrower can pay back the loan, the loan is declared fraudulent and is annulled.

«On this score we challenge the issuing banks to halt the fraudulent loan transaction; for an APC government come 29th May, 2015, will not honour fraudulent loans, for it will become unnecessary burden for government to shoulder.

Student advocates say it's wrong to hold students responsible for loans they took out to attend fraudulent for - profit colleges that inflated their job - placement rates and engaged in predatory recruitment and marketing tactics.

In the last five years, the Department of Justice has sued for - profit education providers for fraudulent recruitment tactics, and the Consumer Financial Protection Bureau has investigated numerous for - profit colleges» loan - origination practices.

Thieves just need basic information to apply for fraudulent credit cards or loan applications.

Mortgage lenders approving loans without required documentation or using fraudulent information can cause problems for prospective borrowers.

Fraudulent or deceptive practices that should be a warning sign to loan borrowers may include being asked for additional funds, above and beyond the loan agreement, or being charged excessive fees not explicitly defined or cataloged in the loan agreement.

Attorney General Madigan is developing a reputation for spearheading the attack on fraudulent and sketchy student loan practices.

Private student loan lenders have gotten away with this fraudulent behavior for years now, by avoiding any type of paper trail to trace the loans — but now the cat is out of the hat and potentially $ 5 billion in private student loans could get dismissed.

If the student loan borrower falls for the spam - bait and clicks on the message, they are directed to a fraudulent website that the scammers hope will lead to the victim entering identifying and personal account information.

Filing Chapter 7 or Chapter 13 Bankruptcy does not discharge all debts including student loans, current tax obligations, debts from willful and malicious injuries to persons or property, debts for personal injuries caused from the debtor's operation of a motor vehicle while under the influence of alcohol or drugs, debts from fraudulent actions, Debts that were not included in the bankruptcy schedules in time to allow creditors to file proofs of claim (unscheduled debts), and child support or spousal support.

One does not have to part with upfront payment for a legitimate loan and any lender who asks for it should be considered as fraudulent.

It seems to suggest that the fraudulent student loan consolidation service has been in business for quite some time.

There is no doubt that these councils and fraudulent for - profit colleges influence the student loan debt issue.

You can get student loan forgiveness for fraudulent use of your student loan money.

If a company offers to process your debt consolidation loan but asks for an upfront fee, be wary, it could be a fraudulent company.

Switching gears slightly, another company was called out by Snopes.com after offering fraudulent student loan forgiveness for a price.

«For too long, student loan companies have engaged in fraudulent and abusive practices that make it difficult and expensive for borrowers to repay their loaFor too long, student loan companies have engaged in fraudulent and abusive practices that make it difficult and expensive for borrowers to repay their loafor borrowers to repay their loans.

Attorney General Madigan released the following statement: «For too long, student loan borrowers have been put into more difficult and more expensive repayment plans because of fraudulent practices by student loan companies.

This can be done by the student loan borrower for free, instead of paying a fee to the fraudulent company.

Unfortunately, the forgiveness text message scam is just that — an enticing text from a fraudulent person or company, trying to gain information from a student loan borrower and ultimately, money in exchange for whatever service they purport to provide.

The companies in question charge American borrowers high and often illegal fees for fraudulent services such as loan forgiveness and payment reduction.

Debts which are not eligible for discharge are listed under the Bankruptcy Code 11 U.S.C. § 523 and include fraudulent Actions, student loans (unless payment will impose an «undue hardship» to such an extent that the debtor will not be able to maintain even a minimal living standard), child and spousal support, current tax obligations, and debts from willful and malicious injuries to persons or property or debts for personal injuries caused from the debtor's operation of a motor vehicle while under the influence of alcohol or drugs.

Your credit bureau files are monitored for potential fraudulent activities, such as new accounts and loan / credit card applications made in your name.

or allow to Run Compensation Suit Simultaneously with suits file by Bank Officials under ARTHA RIN ACT with equal opportunity and equal right so as to restore total accountability, which will be similar to DRT (Debt Recovery Tribunal of INDIA)(B)- Considering the Heavy loss and Damages of Government Registered and Identified SICK INDUSTRIES of 1992 & 1996 of Private Sector due to Negligence, Violation of Contract & Non-Banking Activities etc. of Bank Officials and Policy Maker & need 100 % Weaver of all type of Bank loan liabilities to minimize their heavy loss and damages to certain extent under LIMITATION ACT (C)- The system of keeping mortgage of Land & Properties from the Owner of Industries by Bank or any Loan Giving Agencies as Securities are mostly responsible for Malpractices and ever growing Corruption, & Fraudulent Activities in Banking Sector, which are now proven matter and may kindly be completely abolished as a part of reform programs at earliest possible time to ESTABLISH ACCOUNTABILITY and Check Malpractices, Fraudulent Activities which are now growing by large in Banking Sector or in other Loan Giving Agencies upto root Levels (D)-- All suits of Artha Rin Court may kindly be transferred to Civil Commercial Court abolishing SECTIONS 12, 12 (khan) 18 (2) & (3) 19, 20, 21, 34,40, 41, 42, 44, 47 and 50 of ARTHA RIN ACT -2003 for the end of Justloan liabilities to minimize their heavy loss and damages to certain extent under LIMITATION ACT (C)- The system of keeping mortgage of Land & Properties from the Owner of Industries by Bank or any Loan Giving Agencies as Securities are mostly responsible for Malpractices and ever growing Corruption, & Fraudulent Activities in Banking Sector, which are now proven matter and may kindly be completely abolished as a part of reform programs at earliest possible time to ESTABLISH ACCOUNTABILITY and Check Malpractices, Fraudulent Activities which are now growing by large in Banking Sector or in other Loan Giving Agencies upto root Levels (D)-- All suits of Artha Rin Court may kindly be transferred to Civil Commercial Court abolishing SECTIONS 12, 12 (khan) 18 (2) & (3) 19, 20, 21, 34,40, 41, 42, 44, 47 and 50 of ARTHA RIN ACT -2003 for the end of JustLoan Giving Agencies as Securities are mostly responsible for Malpractices and ever growing Corruption, & Fraudulent Activities in Banking Sector, which are now proven matter and may kindly be completely abolished as a part of reform programs at earliest possible time to ESTABLISH ACCOUNTABILITY and Check Malpractices, Fraudulent Activities which are now growing by large in Banking Sector or in other Loan Giving Agencies upto root Levels (D)-- All suits of Artha Rin Court may kindly be transferred to Civil Commercial Court abolishing SECTIONS 12, 12 (khan) 18 (2) & (3) 19, 20, 21, 34,40, 41, 42, 44, 47 and 50 of ARTHA RIN ACT -2003 for the end of JustLoan Giving Agencies upto root Levels (D)-- All suits of Artha Rin Court may kindly be transferred to Civil Commercial Court abolishing SECTIONS 12, 12 (khan) 18 (2) & (3) 19, 20, 21, 34,40, 41, 42, 44, 47 and 50 of ARTHA RIN ACT -2003 for the end of Justice.

Counsel for respondent in LCIA arbitration case no. 8081 involving fraudulent inducement of bank loan

Negotiated, during and after a formal mediation, a favorable result for mortgage broker client on claims that loans were granted on fraudulent information.

In March we heard of the prosecution of an ex-HBOS (Halifax Bank of Scotland) manager and five others, all but one of whom were convicted for their roles in a complex and long lasting scam involving # 245m of fraudulent loans.

Recently hitting the headlines was the prosecution of an ex-HBOS (Halifax Bank of Scotland) manager and five others, all but one of whom were convicted for their roles in a complex and long lasting scam involving # 245m of fraudulent loans.

The Act also provided some measure of protection for lenders with regard to borrower perpetrated fraud by adding an exemption for liability when a borrower has been convicted of obtaining the loan by fraudulent means.