LA Homeowners Falling Prey to Loan Modification Scams

Even though Los Angeles is no longer in a foreclosure crisis, thousands of Angelenos still have underwater properties and are targets of scam artists promising to modify their home loans. On Wednesday, City Attorney Mike Feuer announced he had filed criminal charges against two men who collected money from homeowners seeking

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The Unfair Opacity of Credit Cards Peddled to the Poor

When a company takes on the task of providing financial services to people overlooked by large banks, that would seem to be a good thing: Such customers need bank accounts, debit cards, and credit just like everyone else. In 2013, nearly 10 million American households didn’t have any interaction with a

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Even Insured Can Face Crushing Medical Debt, Study Finds

By Margot Sanger-Katz @sangerkatz | JAN. 5, 2016 The number of uninsured Americans has fallen by an estimated 15 million since 2013, thanks largely to the Affordable Care Act. But a new survey, the first detailed study of Americans struggling with medical bills, shows that insurance often fails

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Debt and the Racial Wealth Gap

By PAUL KIEL DEC. 31, 2015 IF you are black, you’re far more likely to see your electricity cut, more likely to be sued over a debt, and more likely to land in jail because of a parking ticket. It is not unreasonable to attribute these perils to discrimination. But there’s no question

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Minorities Exploited by Warren Buffett’s Mobile-Home Empire

Originally published December 26, 2015 at 8:00 am | Updated December 29, 2015 at 4:15 pm By Mike Baker, Daniel Wagner THIRD OF SERIES GALLUP, N.M. — After a few years living with her sister, Rose Mary Zunie, 59, was ready to move into a place of her own. So, on an arid Saturday

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