Posts tagged "Illinois Attorney General Lisa Madigan"

Connecting the dots between predatory lending, the vacant property crisis and school closings

Michael Tidmore and I recently met front of Daniel S. Wentworth Elementary School, a hulking brick building that sits on a residential block in Englewood. He wondered what’s going to happen to school buildings like this when they’re closed next year under Chicago Public Schools’ plan to shutter 61 facilities while consolidating students and staff.... Read more »

Race, poverty and politics: Obama halts deportations; Rahm backs decriminalizing small amounts of pot; CTU vote means hot summer ahead; Cook to boost set-asides

President Obama bypassed Congress Friday and announced the U.S. will stop deporting undocumented immigrants who are currently under 30 years old, who came to the U.S. before they turned 16 and have lived here at least five years. To be eligible, they also can’t have a criminal record, have earned a high school diploma or... Read more »

Undocumented Life: Fraud complaints against prominent immigration activist pile up

The number of undocumented immigrants accusing a prominent immigration activist of scamming them out of thousands of dollars by pretending to be an immigration lawyer keeps growing. The most recent complaint against Margaret Carrasco, filed back in April, was by a 19 year-old undocumented woman who met Carrasco in immigration court. The mother of a... Read more »
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Should Illinois pull out of the nationwide 'robo-signing' settlement?

Should Illinois pull out of the nationwide 'robo-signing' settlement?
California did. New York did. Now Nevada, Massachusetts and Delaware may follow suit. And today, citizens of Chicago are calling on Illinois Attorney General Lisa Madigan to join the growing number of states that have pulled out of a legal settlement that attorney generals from across the nation struck with banks as punishment for improperly... Read more »

Kelly speaks Friday on the article that set off a $335 million lawsuit

Kelly speaks Friday on the article that set off a $335 million lawsuit
Before the housing bubble burst, before Illinois Attorney General Lisa Madigan sued Countrywide for discriminatory lending practices and before the word foreclosure became as common as the word mortgage, if you were a black family in Chicago looking to buy your first home and the rates seemed unreasonably expensive, you might just assume that it... Read more »

Predatory lending, the mortgage meltdown and a $335 million settlement

Here’s yet another example of why investigative reporting matters. Today, Illinois Attorney General Lisa Madigan credited The Chicago Reporter for spurring a lawsuit that led to a $335 million settlement by Countrywide, a subsidiary of Bank of America, which deliberately steered well-heeled Latino and African-American homebuyers into subprime loans even though they qualified for better terms.... Read more »
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