Helping South Carolina Consumers When They Need it Most
Archive for March, 2008
Countrywide Under Investigation For Fraudulent Lending
CNN reports that the Wall Street Journal is confirming that the “troubled” home lender Countrywide is now under FBI investigation for its lending practices:
The mortgage company is suspected of widespread fraud, the paper said, which may have contributed to the subprime mortgage crisis that has rocked the U.S. economy.
The probe will examine underwriting and mortgage [...]
When Retailers Go Broke: The Flip Side of Bankruptcy for Consumers
If you have a Sharper Image gift card lying around … well, I’m sorry to tell you but it’s worthless, at least for now. The company, which filed for Chapter 11 reorganization recently, suspended the acceptance of previously issued gift cards until further notice pending a workout and acceptance of its plan for repayment of [...]
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