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November 2012 Archives

Six Banks Settle Whistleblower Suit

A federal judge ruled that a whistleblower lawsuit may proceed against Wells Fargo and Mortgage Investors Corporation (“MIC”) with claims that the banks illegally charged veteran borrowers hidden fees on refinanced home loans backed by the Veterans Administration.

Government Seeks to Recoup Lossed from Mortgage Fraud

Credit Suisse recently agreed to pay $120 million to settle U.S. civil charges that it misled investors in the sale of risky mortgage bonds in the months leading up to the financial crisis. In a separate similar case, JPMorgan Chase agreed to pay $296.9 million to resolve claims against it.

NY Attorney General Sues Credit Suisse for Mortgage Securities Fraud

The New York Attorney General has filed suit against Credit Suisse for mortgage securities fraud. In the lawsuit, the New York AG accused the Swiss bank of misleading investors over the quality of residential mortgage-backed securities. The deception resulted in losses to investors of some $11.2 billion, according to the lawsuit.

FTC Takes Action Against Mortgage Relief Schemes

The Federal Trade Commission (FTC) filed three separate lawsuits in federal court recently to halt the deceptive tactics of companies preying on distressed homeowners by falsely claiming they could save their homes from foreclosure. The FTC announced the enforcement actions as part of its Distressed Homeowner Initiative, a federal effort to stop predatory foreclosure rescue, mortgage modification, short sale, and bankruptcy schemes that have targeted distressed homeowners.

U.S. Sues Wells Fargo Over Mortgages

United States prosecutors recently filed suit against Wells Fargo, claiming the lender misrepresented the quality of the mortgages it handled under a federal housing program. The case against Wells Fargo follows many similar lawsuits by the government against large banks related to their lending practices.

US Supreme Court Hears Arguments in Class Actions

The United States Supreme Court heard arguments in two cases in which the defendants seek to expand the class action limits of last year’s Wal-Mart v. Dukes case. On November 5, 2012, the Supreme Court heard arguments in Comcast Corp. v. Behrend and Amgen, Inc. v. Conn. Ret. Plans & Trust Funds.

CFPB Issues New Rule Regarding Oversight of Debt Collectors

The Consumer Financial Protection Bureau (CFPB) announced a new rule that will allow the agency to oversee consumer debt collectors for the first time at the federal level. It is hoped that federal oversight of debt collectors will improve transparency in the market and reign in abusive tactics by debt collectors.

Concerns Raised Over Banks Entering Short-Term Loan Market

Concerns have been raised about large banks beginning to make short-term loans similar to those found in the oft-criticized and problem-plagued payday lending arena. Banks have faced lower revenue as a result of limits on debit card and overdraft fees.

CFPB To Begin Oversight of Debit Collectors

Debt collection agencies will come under federal review for the first time beginning January 2, 2013, when the Consumer Financial Protection Bureau (CFPB) begins oversight. The agency’s authority to oversee debt collection agencies comes under the portion of the Dodd-Frank regulatory law that deals with nonbank financial companies.

FTC Obtains Settlement in Phony Debt Collection Case

The Federal Trade Commission (FTC) reached a settlement with defendants in the United States who abetted unlawful debt collection calls from India. In conjunction with the settlement, the defendants will relinquish nearly all of their assets, amounting to roughly $175,000, which will be used for consumer refunds.

Martin & Jones Reviews

  • "I just wanted you to know how much my family and I appreciate the work that you (Mike Riley) and everyone at Martin & Jones have done for us over the years. The initial settlements helped Mom and Dad live comfortably during his illness and afforded him the care that he needed. Since his passing nine years ago, your continued efforts on our behalf have been nothing short of a blessing. Mom, who will be 92 in September, has many medical issues but is still very sharp mentally, and enjoys being able to live at home. I just want you and everyone at Martin & Jones to know how grateful we are."

    Fred G., whose father had mesothelioma
  • "Thank you for everything that you have done for us. We are fortunate to know you. We appreciate all of the hard work, long hours and care that was shown to us before and during the trial. Without your help and representing us, we would not be as blessed as we are now. All of you are very special to us. We know that you have the best and attorneys and staff there is."

    Hazel P.
  • "Thank you for your concern of my well-being every time I spoke with you. It always meant so much. I hear nothing but awful stories of dealing with attorneys and their offices, but I have had nothing but positive experience. You have many special ways of working with people in need of help. Words can never express the way your support has been so helpful. I pray you will continue to help others. I wish you all the best."

    Mary C
  • "Forest, once again, my family and I thank you for obtaining another settlement on behalf of my Father. It's almost uncanny that these checks seem to come at very opportune times. This one comes as we are expecting our fourth grandchild. It will provide her some sound footing towards her future college education, plus help Mom and Dad with the medical expenses. Sometimes, I think my Dad is helping you guys with this. Maybe so. Anyway, thank you again for your hard work."

    Mike G.
  • "I appreciate all you're doing and trying to do for me. I don't think I've ever talked to a nicer attorney than Mike, and his assistant (certified paralegal Marjorie Kartanson). You're real nice people. It really makes you feel better, even with all the problems I have."

    Larry A.
  • "Thank you for the work you have done for Carl and our family. We so much appreciate your sincere professionalism and kindness you showed us. I know Carl is smiling right now and the Lord has blessed us through you. May God bless you."

    Connie M. whose husband Carl worked as a brakeman for CSX Transportation and died of mesothelioma
  • "Thank you for always making me feel welcome and at ease in your office. I respect the work you do and your enthusiasm for it and am grateful for your talents."

    Tracy M.
  • "I would like to leave a testimonial thanking Steven and Allison for their care and understanding. Steven's pursuit and success in getting some compensation for our loss. A final closure of our loss of brother Mike. Thanks to Martin & Jones for looking after Mike's care since his injury in 2005. You have been there for Mike and his family for a long time. Mike passed in 2016 and you stood for the family up to the present (July 2017). Many thanks."

    Dan I.
  • "We would like to express our gratitude to you (Hunt Willis) for accepting our case. First of all, when I called this law firm, a very sweet and kind lady answered the telephone and gave me assurance by asking and going over the accident with me, while my husband was in the hospital. I felt assured I was doing the right thing for us. She was so helpful in so many ways. What a professional lady. Secondly, we are much pleased that you have settled this case with the insurance company to receive the proper amount to assist us in so many ways. My husband and I are very happy with you and the firm in handling our case. You made us have confidence in your professional and integrity along with your assistant Ms. Routh, when you both came to see us in our home, in which we saw your compassion and thoughtfulness at that time. We will never forget what you have done for us, and we thank the lord for directing me to contact this firm. I’m glad I did."

    Linda.

"Thank you for your concern of my well-being every time I spoke with you. It always meant so much. I hear nothing but awful stories of dealing with attorneys and their offices, but I have had nothing but positive experience. You have many special ways of working with people in need of help. Words can never express the way your support has been so helpful. I pray you will continue to help others. I wish you all the best."

Mary C
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