Infignos Media -- buyersUSA Consulting
NOW PLAYING
15 Radio Streams
Click Here
Yellowhammer Filmmakers of NE Alabama
Advertise Here

From Government, Legal and Policy - Class Actions / Lawsuits

Brought to you by Allstate Insurance- Jerry McCullers

As a Personal Financial Representative in Anniston, I know many local families and can help with all of your insurance needs. Call me at 256-237-1100.

Abundance

Mortgage Relief Settlement Spurred by Whistleblowers

Thu, 9 Feb 2012 18:54:28 EST

Washington, D.C. February 9, 2012.  Today, the United States government and numerous state governments reached a settlement agreement with five major banks to resolve lawsuits and investigations concerning foreclosure-abuses that fueled the financial "meltdown" and forced millions of Americans out of their homes.

David K. Colapinto, the General Counsel of the National Whistleblowers Center, and the lead attorney for one of the confidential mortgage industry whistleblowers, issued the following statement:

Once again whistleblowers risked their jobs and careers in exposing misconduct and abuse.  Employee-whistleblowers were key insiders who knew how big banks scammed the system, ripping of homeowners and taxpayers alike.  Some of these employees had the courage to step forward.  Many lost their jobs when they tried to stop or report these crimes.

Under the False Claims Act, whistleblowers who voluntarily provided the U.S. government with original and truthful information that helped in the prosecution of the banks will obtain protection.  As these cases are taken out of 'seal,' the public will learn the full scope of the contributions whistleblowers made in holding big banks accountable for the mortgage scandals and their foreclosure abuses.

Whistleblower cases under the False Claims Act are filed under 'seal' and are kept confidential to enable the government an opportunity to investigate the allegations.  The Act, originally signed into law by President Abraham Lincoln in 1863, encourages whistleblowers to expose fraud.  After the government concludes its investigation, the case can be unsealed by the court.


Source: WebWire



From Our Blogs

New Coffee Table Books That Make Great Holiday Gifts

Coffee table books are a window into one’s personal tastes and interests

Festive Cocktails for Holiday Hosting

Consider creating a few signature cocktails for the occasion.

Simple, Thoughtful Recipes Work Best for Holiday Feasts

Byrn’s book features this recipe for Kentucky Brown Sugar Pie

Deck the Halls with Smart Home Technology

There are ways to modernize almost every part of your home.


Sign up for our weekly newsletter.

Our Website Sponsors

TransformationSolutions.com

Stop smoking, lose weight, and even improve your golf score. For our free consultation call 256-237.8049 or visit us on the web at transformationsolutions.com

Buyer's Edge Realty

Annie Brunson, Buyer’s Edge Realty: A long record of successfully guiding buyers and sellers through all aspects of real estate.

Oxford Carpets Coldwater

A new depth of 1st quality luxury for your family at frugal prices! Always 50% less than our local competitors! Call Oxford Carpets Coldwater at 256-835-2155

LaMar's Donuts

Our donuts are the ultimate indulgence. Visit us at our 1781 Hamric Drive E. location in Oxford. Call 256-832-4353.

TCBY Yogurt

The country's best yogurt. Softserve, hand scooped, smoothies, cakes, pies, and specialty items. There's nothing like a specialty ice cream cake for your next special occasion! Visit or Anniston location at 1903 Quintard Avenue. 256-238-8229.