Split Panel OKs Lawyer's $11 Million Fine

, The Recorder

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Dissenter says action taken by the controversial Consumer Financial Protection Bureau wasn't valid, but majority disagrees.

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What's being said

  • Lenore Albert, Esq. Democratic Delegate DSCC, Candidate for Assembly District 72

    If the "Consumer" Financial "Protection" Bureau really wanted to protect consumers under Cordray, all he had to do was fine just one of the attorneys representing the banks as they strutted into court filing documents that they knew or should have known were forged, fraudulent, or in other respects void. If he had done that, then the homeowners would not have been put in the position of such a high degree of risk of being scammed. (If they were scammed - as it does not appear from the article that the Ninth Circuit ever reviewed that ruling to see if it were true). This was not in anyway actually solving the problem. Hold the banks responsible for their fraud and the injuries that have flowed from it. That is how a Financial bureau created to "protect" "consumers" should run after all, isn‘t it?

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