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Regulation and Enforcement Protect Consumers
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Despite billions of dollars in fines and numerous new regulations, the mortgage industry has still been breaking the law. A new report by the Consumer Financial Protection Bureau details how the industry has continued abusing consumers, and why we need an agency tasked with protecting our rights. According to this report, mortgage servicing companies have been forging paperwork, illegally foreclosing on homes, and even forcing borrowers to sign away their legal rights just to get a loan modification.
 
These companies are essentially the middle men between banks and borrowers, handling everything from mortgage payments to the foreclosure process, but they haven't been doing their jobs. The CFPB report found that several servicing companies were flat-out incompetent, and others were just ignoring the law. Because of these findings, the CFPB banned these companies from participating in federal mortgage modification programs, and collected millions of dollars for wronged consumers in the second half of last year.
 
The CFPB's report shows that companies like this cannot be trusted, and that government regulation and enforcement are necessary to protect consumers. Billions in fines, bad press, and even an economic collapse were not enough to stop these companies from preying on Americans, but thankfully the Consumer Financial Protection Bureau is sticking up for us.
 
-Thom
 
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Will all salt water fish be extinct soon?
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Hour One: Coke super bowl ad brings out the worst on the right?
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Article: "America's Foreign Language Deficit" by David Skorton and Glenn Altschuler.
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Hour Three: Shouldn't we treat sugar like tobacco and alcohol?
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Full Show 2/4/14: The GOP's Coke Freak Out
Full Show 2/4/14: The GOP's Coke Freak Out

Tonight's "Politics Panel" looks at the Republican's outrage over the new Coke commercial, why Canada doesn't want to refine their tar sands oil in their own country and Senator Warren's idea to allow the Post Office to act as a bank for poor Americans. Thom talks with the Drug Policy Alliance's Meghan Ralston on what can be done to prevent heroin overdoses and with Professor Roberto De Vogli on how government can help fight obesity. In tonight's "Daily Take" Thom discusses how Chattanooga, TN is leading the way with high speed and affordable internet access.


Thom Hartmann on the News: February 4, 2014
Thom Hartmann on the News: February 4, 2014

Caller: Conservatives got the Wrong Message from the Coke Ad!
Caller: Conservatives got the Wrong Message from the Coke Ad!

How Obamacare will Lower Unemployment
How Obamacare will Lower Unemployment

The 'gig' is up in Chatanooga
The "gig" is up in Chatanooga

Caller: Taxation is not the Solution to the Sugar Problem!
Caller: Taxation is not the Solution to the Sugar Problem!

The Thom Hartmann Program - February 4, 2014
The Thom Hartmann Program - February 4, 2014

Shouldn't we Treat Sugar Like Alcohol & Tobacco?
Shouldn't we Treat Sugar Like Alcohol & Tobacco?

Doesn't the Coke Super Bowl ad Bring out the Worst on the Right?
Doesn't the Coke Super Bowl ad Bring out the Worst on the Right?

The Thom Hartmann Program - February 4, 2014 part 1
The Thom Hartmann Program - February 4, 2014 part 1
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