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Gov't 'Urges' US Banks to Follow Laws on Servicemembers Loans & Mortgages
Holly Petraeus, the U.S. federal government's new military liaison, Tuesday sent a letter to more than two dozen banks, demanding they review their practices to ensure compliance with laws meant to protect military families from foreclosures.J.P. Morgan Chase overcharged more than 4,000 military personnel in active service and took the homes of 14, possibly violating a law that caps interest rates and stops foreclosures. A U.S. Marine Corps captain had filed a lawsuit alleging that he was overcharged by Chase. In January, after conducting an internal audit, Chase admitted it had wrongly foreclosed on military families and overcharged thousands for mortgages. This crap has been going on far too long. Instead of 'urging' how about some INDICTMENTS? Someone wake up the Attorney General from his drug-induced coma, or replace that ZOMBIE with someone who will act to ENFORCE the laws of this country. Posted by: Anguper Hupomosing9418 2011-02-03 |
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