Sentences with phrase «making illegal loans»

Not exact matches

And while that's not illegal, it is against the law to make false claims about the nature of the service or lie about being affiliated with the government's Direct Loan Program.

The CFPB in March 2013 released guidance holding lenders responsible for «unlawful, discriminatory pricing» in auto loans, outlining how to comply with a 1970s law that makes it illegal for creditors to discriminate against applications.

The bureau's rules have made it less attractive — though not illegal — for mortgage lenders to make some types of risky loans that went bad and sparked last decade's financial crisis.

Maryland's financial regulator is trying to stop illegal online payday loans by going after the banks that help make the loans possible.

Prosecutors on Thursday afternoon wrapped up 10 weeks of testimony and arguments in Central Islip, where they sought to make the case that the one - time elected officials accepted an illegal stream of benefits from restaurateur Harendra Singh and, in exchange, abused their public positions to get him two county contracts and more than $ 20 million in town - guaranteed loans.

The bill, presented on Friday, would make government financial aid and low - interest loans available to illegal immigrants in an effort to provide them better opportunities to gain employment.

The contract, however, gives the loan shark an advantage in that it makes the loan appear official and legitimate, even if the terms are illegal.

Last year the Consumer Financial Protection Bureau took action against two companies — College Education Services and Student Loan Processing — that it said «exploited vulnerable student loan borrowers, made false promises about their debt relief services, and charged illegal upfront fees.&raLoan Processing — that it said «exploited vulnerable student loan borrowers, made false promises about their debt relief services, and charged illegal upfront fees.&raloan borrowers, made false promises about their debt relief services, and charged illegal upfront fees.»

Surely not the same as my Hamp terms!!!! Thanks for not enforcing the law you made it illegal to steer troubled homeowners into a house loan for servicer «s own profits

This would remove the exemption from the criminal code that allows payday loan companies to operate as they do and make payday loans as they are today illegal.

The lender adds language to a loan contract making it illegal for a borrower to take future legal action for fraud or misrepresentation.

making illegal campaign contributions as the head of a Private College where very few students actually graduated, yet they were enticed to enroll and take out huge student loans with promises of high paying jobs in the Medical Field!

Banks and economists hate this type of loan and in many states legislators have tried to make them illegal.

Due to the inaccurate information provided on their online web page concerning our loans and the I would think illegal calculation of interest and ignoring payments being made, I am using a loan from another avenue to pay off this loan with FedLoan just so I can get rid of them and not have to deal with such a BAD company.

If the situation you're in means that it makes sense to walk away from the mortgage, that's not illegal or even immoral: It's the predictable outcome of the way these loans were written.

Even in many states that currently allow payday loans, legislators are reviewing bills that would either make them illegal or very difficult to operate.

In two high profile cases, the CFPB and Florida's Attorney General shut down student loan debt relief company College Education Services and, separately, filed a lawsuit against Student Loan Processing US for running illegal debt relief services that, «exploited vulnerable student loan borrowers, made false promises about their debt relief services, and charged illegal upfront fees.&raloan debt relief company College Education Services and, separately, filed a lawsuit against Student Loan Processing US for running illegal debt relief services that, «exploited vulnerable student loan borrowers, made false promises about their debt relief services, and charged illegal upfront fees.&raLoan Processing US for running illegal debt relief services that, «exploited vulnerable student loan borrowers, made false promises about their debt relief services, and charged illegal upfront fees.&raloan borrowers, made false promises about their debt relief services, and charged illegal upfront fees.»

For example, financial redlining was initially fostered by Federal Home Loan Bank Board recommendations and later made illegal by the Fair Housing Act.

Those enforcement efforts, backed by California's first - in - the - nation law making it illegal to collect upfront fees for loan modifications, are credited with largely — although not entirely — quelling the problem.

In 2008, the Foreclosure Rescue Fraud Prevention Act become Florida law and it makes it illegal for anyone (either an individual or a company) that sets itself up as in the business of «foreclosure rescue» or «mortgage loan modification» from getting paid until they've done the work shown in their deal with the Florida mortgage holder.