AG Accuses Major U.S. Banks Of Deceptive Foreclosure Practices

Thursday, December 1, 2011 AG Accuses Major U.S. Banks Of Deceptive Foreclosure Practices WASHINGTON -- Massachusetts Attorney General Martha Coakley is suing five of the nation's biggest banks for deceptive foreclosure and mortgage modification practices, her office announced Thursday. Coakley's suit signals her formal departure from ongoing settlement negotiations between those banks, the Obama administration and a coalition of other state AGs over faulty foreclosure procedures. "The single most important thing we can do to return to a healthy economy is to address this foreclosure crisis," Coakley said in a statement Thursday. "Our suit alleges that the banks have charted a destructive path by cutting corners and rushing to foreclose on homeowners without following the rule of law. Our action today seeks real accountability for the banks illegal behavior and real relief for homeowners." Balance Transfer Day Could Be Boon For Banks Millions In Tax Refunds Remain Undelivered Health Care Workers On Verge Of Winning Equal Rights, Higher Pay Florida's Forgotten Foreclosure Victims BLOG POSTS Dr. Jim Taylor: Too Much Input and Not Enough "Innerput" Is Bad for Business Too often, I see businesspeople becoming slaves to technology rather than masters; information junkies who crave the input regardless of its value; victims of technology who act as if they are powerless to control it. Saundra Schimmelpfennig: Do's and Don'ts of Holiday Giving December is a busy time of year with many charitable requests for your time or money. The following advice will ensure your time and money does the good you intended. Philip Keightley: Google's Freshness Update: New SEO Opportunities Google's plan is to create the most effective Internet search engine in the world. The latest algorithm update takes Google another step closer to this target by adding freshness criteria to search engine results. Richard Barrington: How to Beat Pessimism, Boost Savings Did pessimism about the future influence people to abandon the hope of saving for retirement, or did a lack of savings lead to the pessimism? One clue may be in the fact that people over 55 are even more gloomy about the future of the economy than the general population. Christopher Hytry Derrington: A National Rural America Jobs Plan Global competitiveness through connectivity in underserved rural areas, supported by the U.S. government -- now that's an investment worth pursuing.

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