The Manhattan District Attorney has brought criminal charges against a payday lending syndicate, alleging that an intricate corporate structure was established to to make payday loans with interest rates in violation of the state's usury cap and to shield its principals from detection by law enforcement. Those charged include the owner, the chief operating officer, and […]
Author Archives: Jehan Patterson
Mortgage servicers increasingly are including non-disparagement clauses in loan modification agreements, including ordinary loan modifications (i.e., those that are not negotiated in settlement of litigation). In at least one instance, Ocwen, the largest non-bank servicer of mortgages in the U.S. thanks to a number of acquisitions in recent years, sought to impose a non-disparagement provision […]