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“Bad Paper” by Jake Halpern featured in New York Times Magazine Cover Story

Bad Paper: Chasing Debt From Wall Street to the Underworld by Jake Halpern The New York Times Magazine has just published a cover story adapted from Jake Halpern’s phenomenal upcoming book, Bad Paper. You can read the entire article here. Because I can’t possibly capture Halpern’s outstanding writing style or story telling abilities, I offer the following excerpts article. In my opinion, Halpern’s book demonstrates that, despite what the industry contends, there is still plenty of actual ongoing systemic fraud and abuse.Read More »“Bad Paper” by Jake Halpern featured in New York Times Magazine Cover Story

Consumer Financial Protection Bureau Sues Large Debt Collection Law Firm, Calling it a “Mill” and a “Factory.”

In what is probably an unprecedented move, a federal regulator has filed a lawsuit accusing a debt collection law firm of violating the Fair Debt Collection Practices Act because the law firm is a mill, and taking a factory approach to litigation. Specifically, the lawsuit alleges that in filing over 300,000 lawsuits, there was a… Read More »Consumer Financial Protection Bureau Sues Large Debt Collection Law Firm, Calling it a “Mill” and a “Factory.”

Tax Justice Network USA

This is a group definitely of interest to anyone who cares about tax fairness and the fact that many of our largest corporations pay $0.00 taxes in the U.S. From the Tax Justice Network USA mission statement, here: “Tax Justice Network USA promotes tax justice and tax cooperation, including policies to address tax avoidance, tax… Read More »Tax Justice Network USA

Treasure Islands: the argument against offshore tax havens

Someone recently gave me a groundbreaking book called “Treasure Islands,” by journalist and author Nicholas Shaxson. I highly recommend this book, and it comes with a great blog which refutes the common defenses to offshore tax havens, here.

What is a Foreclosure Rescue Scam?

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While it can take different forms, what we are seeing most often in Maryland these days involves 5 players: 1) a victim in foreclosure who has lots of equity in their home, usually between $100,000 and $300,000; 2) a mastermind con artist who swoops in and promises the help the homeowner “save their home” by… Read More »What is a Foreclosure Rescue Scam?

Spot Delivery: The Problem With Yo-Yo Sales

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Yo-Yo Sales: Why are they so wrong? Chances are, if you financed your car through a Maryland car dealer, they had you to sign a “contingent delivery agreement” or “spot delivery agreement” or “bailment agreement” or some similar nonsense sounding document that was not explained and/or you did not understand. Spot delivery means delivery today,… Read More »Spot Delivery: The Problem With Yo-Yo Sales