201112.29
0
0

San Diego New Car Sales Up, New Dealers Open

Reports just came out in the Union Tribune that San Diego new car sales are up 15%. Over the past 15 months, at least five new car showrooms or lots have opened in San Diego County, including San Diego European Motorcars and Mini of San Diego in Kearny Mesa; Hoehn’s Jaguar/Land Rover and Bob Baker…

201112.28
0
0

Obama Cracks Down on SubPrime Lender CountryWide and BofA for Racial and National Origin Discrimination

Bank of America Corp. (BAC) will pay a record $335 million to compensate Countrywide Financial Corp. borrowers who were charged more for home loans based on race and national origin. Countrywide, acquired by Bank of America in 2008, assessed higher fees and interest rates to more than 200,000 black and Hispanic borrowers, the U.S. Department…

201107.27
2
0

New AmeriCredit Repo Class Action Launched

AmeriCredit is reporting thousands of California consumers to the Credit Bureaus (Experian, Trans Union, etc) for “deficiency” amounts on repossessed family cars. There’s just one problem: this money may not be owed! The Hanson Law Firm has filed a new case in federal court alleging that AmeriCredit is forcing consumers to either pay a debt…

201105.25
0
0

Undisclosed Prior Wreck Federal Database: Use It, But Know Its Limits and that of Carfax or Similar Commercial Reports

The Federal Car-History Database: NMVTIS nmvtis.gov Almost everyone has heard of Carfax and similar car-history databases, but most would be shocked to learn how little protection they provide against the fraudulent sale of previously wrecked and flooded vehicles. Few, however, have heard about the important developing federal car-history database—the National Motor Vehicle Title Information System…

201105.25
0
0

Top Ten Ongoing Consumer Law Violations

The National Consumer Law Center has listed the following “Top Ten” Consumer Law Violations: 1. Bogus affidavits, Robo-signed affidavits used in foreclosure and credit card collection lawsuits; 2. Entities foreclosing on mortgages lack standing or do not comply with HAMP mortgage modification requirements; 3. Employers pull consumer reports but do not send required notices; 4….