Archive for September, 2008
It looks like big banks were using aggressive sales tactics to push more credit card debt to consumers. The allegation is coming from people who actually worked for the banks in their credit card departments.
CNN has the story. According to the report, one former bank employee actually called these sales practices "a great big con."
Basically, the former bank employees are alleging that their bosses were getting them to advance money with hidden fees to the people who ...
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An Atlanta lawyer has filed a lawsuit against the Colorado-based maker of the popular Crocs shoes. The lawsuit alleges that a child was injured while wearing the shoes on an airport escalator.
According to the complaint, the shoes got caught up in the escalator because of their design. Damages for the child's injuries are alleged to be $2 million. Interestingly, the child's mother is the producer for Neal Boortz, a conservative talk radio show host.
The Atlanta Journal ...
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The lenders are finally getting some heat for their role in the rampant mortgage fraud that has forced many Americans into foreclosure.
Indiana has joined a number of other states in suing Countrywide for deceptive and fraudulent lending practices relating to residential mortgages. Reuters has the story.
Several other states are already pursuing Countrywide, although Georgia is conspicuously absent from the list. The states that have sued are focusing on Countrywide's deceptive and misleading sales practices for residential mortgages. ...
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