The Consumer Financial Protection Bureau (CFPB) and New York Attorney General Eric Schneiderman have sued RD Legal Funding, LLC and related entities (“RD Legal”) in the U.S. District Court for the Southern District of New York for violations of federal and New York consumer protection laws. RD Legal engages in settlement funding, where it advances …
More than 99 percent of the thousands of IRS employees investigated for violating federal tax laws in the last five years avoided termination and continued enforcing other Americans’ tax collections, according to an analysis by The Daily Caller News Foundation’s Investigative Group. The IRS fired only 74 of 9,176 workers investigated for tax noncompliance from …
It’s Nearly Impossible To Get Fired At The IRS For Tax Evasion Read More »
Text messages obtained via Freedom of Information Act (FOIA) request from the Consumer Financial Protection Bureau (CFPB) show director Richard Cordray’s communications with Clinton donor and lobbyist Eileen Mancera. The Daily Caller exclusively broke news of Richard Cordray’s likely illegal use of a private device for communications with other CFPB staffers last month, concealing his messages from FOIA …
CFBP Director’s Secret Emails With Clinton Lobbyist Read More »
by Grant Cardone https://www.linkedin.com/pulse/ever-withdraw-1000000-cash-from-your-bank-i-did-heres-grant-cardone? I went to the bank last summer and told them I needed a million dollars—cash. They asked for a reason, and I replied, “You didn’t ask me for a reason when I put it in, so why are you asking me about it when I want to take it out?” Think about …
Ever withdraw $1,000,000 in cash from your bank? I did. Here’s what happened. Read More »
Congress may severely curtail or even eliminate tax-deferred 1031 exchanges. 2017 may be the last year. “The small-scale owners of millions of rental homes, parcels of investment land and income-producing commercial and business real estate may not know it, but one of their key financial planning and tax tools is in danger of disappearing on …
President Donald Trump on Friday plans to sign an executive action to scale back the 2010 Dodd-Frank financial-overhaul law, in a sweeping plan to dismantle much of the regulatory system put in place after the financial crisis. Trump also plans another executive action aimed at rolling back a controversial regulation scheduled to take effect in April that …
Ever-increasing sales are eating up home supply, which is at its worst level recorded since the National Association of REALTORS® started tracking data. This is great news for real estate note investors, because as the market becomes more competitive for sellers, they will be creating purchase money mortgages (seller notes) in order to sell their …
Advertising and publishing veteran Janelle Regotti was looking for a business to buy. The right opportunity presented itself in 2014 when she found Guide Publishing, a company that distributed a quarterly resource guide for Northeast Ohio seniors. The only catch: Regotti didn’t have the $500,000 asking price. With few physical assets to borrow against, she …
Housing market investors have pushed the share of flips, or properties sold twice in 12 months, to its highest level in a decade. Home flippers, who buy homes as a speculative bet on short-term price appreciation, accounted for 6.1 percent of U.S. home sales in 2016, according to Trulia, which defines a flip as a property …
Fannie Mae has agreed to backstop up to $1 billion in debt from the country’s largest owner of single-family rental homes, the first time the government-sponsored entity has agreed to guarantee the debt of an institutional owner of single-family houses. Blackstone Group LP’s Invitation Homes Inc. disclosed its agreement with Fannie on Monday in a …
Blackstone Wins Fannie’s Backing for Rental Home Debt Read More »
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