Subject:

Credit Services and Intermediation

  • Blogs

    March 12, 2012

    Putting A Face On Americans One Step Away From Foreclosures

    Foreclosures rates are rising--and will continue to rise--across the US, and for the past few weeks, The Voice has been visiting homes that are about to, or have been, sold at foreclosure auctions, in an effort to put a face on the crisis and allow them to tell their story. A recent project by New ... More >>

  • Blogs

    January 25, 2012

    Wanted: Brooklyn Bank Robber

    ​A bank robber has recently hit two Capital One branches in Brooklyn, and cops want your help finding him. The New York Police Department says the suspected perp (pictured here), walked into the Williamsburg bank, at 185 Broadway, around 5:41 p.m. on Dec. 29. He demanded cash and then fled o ... More >>

  • Blogs

    September 3, 2011

    CIA Connection in Libya?; Tropical Storm Lee to Hit Gulf Coast; Government Sues Banks

    ​Documents tying the CIA to the Qaddafi-led Libyan government were found in an abandoned office in Tripoli, the New York Times reports. The findings, which have not been verified for authenticity, allude to the practice of the American intelligence agency handing over terror suspects to the Li ... More >>

  • Blogs

    April 5, 2011

    Huge Email Hack Reveals Customer Info From Target, JP Morgan and 50 More Big Brands

    ​The digital marketing firm Epsilon told its clients on Friday of "an unauthorized entry into Epsilon's email system," insisting it "was limited to email addresses and/or customer names only" and that no other information was at risk, but it's only now becoming clear just how widespread the ha ... More >>

  • Blogs

    October 20, 2010

    Foreclosure Documents Now Have To Be Sort of Accurate

    On the heels of recent disclosures that mortgage lenders have been using "robo-signers" to foreclose on homes without sufficient information, New York is instating a requirement that is meant to add a layer of accountability in the flawed system. Lawyers representing banks or mortgage lenders will h ... More >>

  • Blogs

    April 19, 2010

    12th-Graders Handle the Money in Harlem

    ​Students at Harlem's Thurgood Marshall Academy for Learning and Social Change just got some after school job opportunities handed to them. The ribbon cutting ceremony for the new Capital One Bank branch on the school's campus was held this morning, the third branch in the tri-state area to b ... More >>

  • Blogs

    March 29, 2010

    Serve This! Debt-Ridden New Yorkers May Actually Catch a Break

    People who hunt down New Yorkers are finally being served papers themselves. Process servers — and by extension the debt collectors who hire them — face new restrictions and requirements after a City Council vote last week and an expected signing into law by Mayor Mike Bloomberg. For ba ... More >>

  • Blogs

    November 29, 2009

    Feds plan to battle foreclosure crisis with social awkwardness

    ​Treasury spokeswoman Meg Reilly announced Saturday that the Obama administration plans to step up their efforts to pressure mortgage companies receiving government bailout funds to modify loans and keep homeowners from defaulting. Along with slowing payments to uncooperative mortgage lender ... More >>

  • News

    October 27, 2009

    We've Bailed out the Banks. When Do We Go After the Crooks Behind our Financial Collapse?

    ​Treasury spokeswoman Meg Reilly announced Saturday that the Obama administration plans to step up their efforts to pressure mortgage companies receiving government bailout funds to modify loans and keep homeowners from defaulting. Along with slowing payments to uncooperative mortgage lender ... More >>

  • Blogs

    October 15, 2009

    41 Arrested in Mortgage Fraud Sweep

    Forty-one people in the New York area were arrested today, charged by U.S. Attorneys in connection with mortgage fraud schemes totaling $64 million dollars -- one of the biggest such sweeps ever. The alleged scam artists profited off the housing crisis by running fraudulent foreclosure rescue oper ... More >>

  • Blogs

    August 12, 2009

    Have You Seen... University Place Bank Robber

    ​Someone robbed the Capital One Bank at University Place and East 8th Street on Saturday around 10 a.m. Here's a surveillance photo of the schnook, with his cell out, like he has to tell his mom why he's not home for breakfast. He's thought to be between 25 and 35 years old, 5'6", and between ... More >>

  • Blogs

    August 7, 2009

    Fannie Mae Auction of Screwed S. Bronxites' Apartments Cancelled

    Foreclosed apartments in 19 South Bronx buildings that were going to be sold off in an online auction next week were saved today. The city announced that Fannie Mae canceled the auction. Financed by Deutshe Bank, the Ocelot Capital Group -- a real estate firm that was started by wealthy Wall Stree ... More >>

  • News

    June 10, 2009

    An Unlikely Rescuer from the Jaws of Debt

    Foreclosed apartments in 19 South Bronx buildings that were going to be sold off in an online auction next week were saved today. The city announced that Fannie Mae canceled the auction. Financed by Deutshe Bank, the Ocelot Capital Group -- a real estate firm that was started by wealthy Wall Stree ... More >>

  • Blogs

    June 2, 2009

    Gov, Cuomo Tell Debt Collectors: Quit Calling and Send US Money

    Have you gotten behind on bills, and find debt collectors calling you every few hours? Albany, which has undoubtedly noticed many voters are in the same boat, offers a bit of relief. Attorney General Andrew Cuomo has been dishing out subpoenas to companies that do illegal, harassment-grade debt col ... More >>

  • Blogs

    May 13, 2009

    As D.C. Cuts Their Power, Card Companies Psych Customers into Paying

    The poor credit card companies! All those newly-destitute customers are defaulting on their debts, forcing companies like Advanta out of lending altogether. And the Senate is speeding ahead with legislation to restrict their power to jack up rates whenever someone sneezes. Fortunately they still h ... More >>

  • Blogs

    April 22, 2009

    Freddie Mac CFO Found Dead; Wife Says Suicide

    Trilateral Commission Alert! David Kellermann, Acting Chief Financial Officer and Senior Vice President of the troubled mortgage lender Freddie Mac, has been found dead in his home. His wife is said to have reported him a suicide. Previously the company's Principal Accounting Officer, the 41-year-ol ... More >>

  • Blogs

    March 18, 2009

    Trillion-Plus Fed Investment Raises Dow About 90 Points

    The Street sorta liked the Federal Reserve's idea to invest over $1,000,000,000,000 of your money into your economy, which sounds like a wash but still makes us feel as if we've been gypped. $300 billion will go to buy T-bonds -- which news quickly drove demand up and yields down. The Fed will also ... More >>

  • Blogs

    March 5, 2009

    Debt Collectors Rise to New Yorkers' #1 Nuisance, Says Consumer Affairs

    New Yorkers complained more about shady debt collectors than about any other shady business last year, says the city's Department of Consumer Affairs. The agency published its annual ranking of top consumer complaints today, and consumer debt collection fraud complaints topped the list for the first ... More >>

  • Blogs

    March 2, 2009

    Debt Buyers*, Unlicensed and Unregulated, Thrive in NYC

    In this economic crisis, there's no shortage of people who thrive by taking advantage of other people's misfortunes. At a City Council hearing held last Wednesday, lawmakers and citizens lambasted the unlicensed debt collection agencies that collectively filed 300,000 collection cases in New York Ci ... More >>

  • Blogs

    February 18, 2009

    Obama's Billions: $75B for Housing Market

    The new, transparent White House sends out the text of speeches ahead of time, so we don't have to watch the President announce in Phoenix this afternoon that he'll ask Congress for up to $75 billion to bail out the housing market. First, they'll remove existing restrictions on Fannie Mae and Freddi ... More >>

  • Blogs

    February 6, 2009

    Gary Ackerman's phony bluster: He and Congress pals deserve blame; his own district hard hit by Bernie Madoff

    It's time to stop pinning the "news" tag on Gary Ackerman's angry outburst at the SEC yesterday for not stopping Bernie Madoff. Perhaps the most entertaining part of the House hearing, yes. But while the New York Democrat yelled at the SEC, whistleblower Harry Markopolos spoke more softly but cut d ... More >>

  • Blogs

    February 4, 2009

    Obama Caps Compensation at TARP Companies at $500,000

    Bad news for high rollers: the President says he and his Treasury Secretary agree that companies receiving TARP funds from the Feds will be instructed to cap executive compensation at half a million dollars. That's half a million per exec, not half a million total. Obama had previously expressed ... More >>

  • News

    January 28, 2009

    What Cooked the World's Economy?

    It wasn't your overdue mortgage.

  • Blogs

    January 2, 2009

    FDIC Sells IndyMac, Will Share Losses

    The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>

  • Blogs

    November 25, 2008

    Credit Crisis: The Story So Far

    The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>

  • Blogs

    September 22, 2008

    McCain Campaign: NY Times Not a News Organization

    The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>

  • Blogs

    September 21, 2008

    Mayor On MTP: Taxes to Preserve Our "Future"

    The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>

  • Blogs

    September 18, 2008

    Daily Flog: The Dow of panic; stocks and bondage; U.S. snatches gold

    The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>

  • Blogs

    September 15, 2008

    Daily Flog: Wall Street's broken brokers go for broke; McCain's lie is buried by meltdown news

    The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>

  • Blogs

    September 9, 2008

    Daily Flog: 'No one convicted!'; nationwide search for Obama's mojo; McCain wallows in blood of Christ

    The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>

  • Blogs

    September 8, 2008

    Daily Flog: Bailing out the planet's investors; a swift boot to Olbermann

    The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>

  • Blogs

    August 18, 2008

    State's Subprime Bill Leaves Borrowers Bamboozled, Broke

    The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>

  • Blogs

    August 13, 2008

    Daily Flog: Crime, kvetching, corporate looting --and tanks for nothing, 'Times'

    The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>

  • Blogs

    August 7, 2008

    Daily Flog 8/7/08: Hamdan acquitted but papers dance around it; the best anthrax stories; Mary-Kate isn't talking; there's a war in Afghanistan

    The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>

  • News

    August 5, 2008

    Andrew Cuomo and Fannie and Freddie

    How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis

  • Blogs

    April 9, 2008

    More People I Hate. . .

    How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis

  • Blogs

    February 26, 2008

    Subprime Mortgage Wasteland in the Bronx

    How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis

  • Blogs

    January 31, 2008

    The State Of the Union Ignores the State of Sub-prime

    How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis

  • Blogs

    January 9, 2008

    'Weekend at Bernie's' Check Scam Foiled

    How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis

  • Blogs

    September 5, 2007

    Quantifying the Taxi Strike's Effect

    How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis

  • Blogs

    April 18, 2007

    Amo, Hamas, Amat

    How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis

  • Blogs

    June 1, 2005

    Wolfowitz at Work: The Blind Leading the Blind

    How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis

  • Blogs

    May 1, 2005

    Wolfowitz Leaves Pentagon Without Causing Further Casualties

    How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis

  • News

    January 28, 2003

    Loan Wolves

    Congress Preys on Local Subprime-Lending Protections

  • News

    April 17, 2001

    From the Subprime to the Ridiculous

    Mayoral Candidates Huff and Puff on Predatory Lending

  • News

    March 20, 2001

    Nation

    Mayoral Candidates Huff and Puff on Predatory Lending

  • News

    January 23, 2001

    Let Us Prey

    One Church in the HUD Rehab-Loan Scandal Says It Was a Lamb Led to the Slaughter

  • News

    January 16, 2001

    Seduced and Abandoned

    What HUD Knew—and Didn’t Do—About the Mortgage-Loan Scandal

  • News

    June 6, 2000

    In the Land of Milk and Money

    Lazio Has Made Mortgages Pay Off Big Time for His Campaign

  • News

    March 28, 2000

    Dam Shame

    Activists Target Global Financiers of Chinese Eco Disaster

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