KGM Law Blog

More Bank Debacles

Just under a week ago, a Wells Fargo employee admitted that the bank had made "technical" mistakes in over 55,000 foreclosure cases.  This article in the USA today discusses the next major debacle to surface by Wells Fargo.  Don't worry though, this did not stop Wells Fargo from coming back and correcting all of...

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The Loan Modification Debacle

Over the last several months, we have been hearing more and more complaints about banks and the troubles caused by the HAMP legislation recently enacted by the Obama administration (Home Affordable Mortgage Program).  Stephanie Armour of USA Today discusses a variety of lawsuits that have been filed across the country by consumers in this article in relation...
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Lender Liability – A Bank Loses a Big Battle

After a six-week trial in Franklin County Common Pleas Court, jurors awarded $18.95 million in compensatory and punitive damages against a Connecticut bank (Webster Bank) in favor of a local developer and several condominium owners for certain conduct by a banking institution that occurs every day.

This case is fascinating for a variety of...

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