Sen. Merkley intros bill to give Wells Fargo victims day in court

Way to go Jeff!

justiceleague00's avatarJustice League

Sen. Jeff Merkley, D-Ore., announced Monday that he has joined 14 of his colleagues to introduce legislation, the Justice for Victims of Fraud Act of 2016, to give Wells Fargo customers who were victims of a fraudulent account scheme their day in court.

The senator said Wells Fargo is using the forced arbitration clauses it tucked away in the fine print of contracts customers signed when they opened legitimate accounts to prevent the Wells Fargo customers with fraudulently opened accounts who were harmed from joining together and taking Wells Fargo to court.

“What Wells Fargo did was outrageous,” Merkley said. “Opening millions of fraudulent accounts was a jaw-dropping betrayal of their customers’ trust, and one that had a real cost for many consumers. Whether it’s fraudulent fees or a falsely-damaged credit score, consumers should have every recourse when it comes to these violations—especially since customers never actually agreed to…

View original post 31 more words

Mnuchin as Treasury Secretary: Lackey for the TBTF Banks

The TBTF banks are so far gone that there is probably little Mnuchin can do to stave off the inevitable. No doubt there is an Oligarchy – whether they planted Mnuchin and Ross is yet to be seen. Maybe the realities of the rigged system caused a tad bit of conscience to develop since there servicer-related escapades.

Unknown's avatarLivinglies's Weblog

Mnuchin was and remains “the guy between the guys.” Billed as the organizer of OneWest his role was to provide a layer between the founders and the rest of the world. His prospective appointment As Secretary of the US Treasury means that the TBTF banks would have a lackey to do what the banks wanted the US Treasury to do.

Get a consult! 202-838-6345

https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments.
 
THIS ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER.
—————-
 *
It is reported that OneWest foreclosed on 40,000 homes. I have already described to you that Foreclosures sponsored or initiated by OneWest were very often done in the name of another entity. For example, Fannie Mae or Freddie Mac. Those are not counted in the number of homes foreclosed by OneWest. My experience is that…

View original post 1,042 more words