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A Chambersburg man is in jail after allegedly fleeing from police Monday at speeds up to 120 mph while driving a stolen car into Maryland, causing several crashes before finally hitting the back of a tractor-trailer. Gabriel Edward Gomez, 25, of 31 N. Franklin St., was arrested in Washington County, Md., after crashing the 1992 Toyota Camry on Interstate 81 southbound, near mile marker 9. He remains in the Washington County Detention Center in lieu of $200,000 bail. Pennsylvania State Police, Chambersburg, said a trooper checked the Toyota and learned it had been reported stolen. He attempted to stop the...

A Somerset man led area police departments on a 15-mile chase during the noon hour Monday down busy U.S. 31W, striking a police car along the way. The chase ended when 33-year-old Dale C. Brown was subdued with a Taser, police said. He is charged with wanton endangerment, driving under the influence and receiving stolen property. The pursuit started in Muldraugh and ended at the Ring Road-Dixie Avenue intersection in Elizabethtown. Brown was driving a Ford pickup truck bearing an Orkin logo. Police say the truck had been reported stolen. According to a Kentucky State Police news release, the truck...

As I detailed here in February in "Dick Durbin Is Stealing Your Free Checking," thanks to price controls on debit card transactions from the Durbin Amendment of the 2010 Dodd-Frank "financial reform" law, free checking is going the way of the dodo bird. The Durbin price controls on interchange fees -- the so-called "swipe fees" that retailers pay to bank and credit unions that process debit card transactions, go into effect this Saturday, October 1, and are already showing more dire effects than originally predicted. Not only is free checking disappearing at a rapid pace -- a new Bankrate.com survey...

U.S. Set To Sue Big Banks Over Bad Mortgages Agency says B of A, JPMorgan Chase, Goldman Sachs, others misrepresented securities By NELSON D. SCHWARTZ The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation. The Federal Housing Finance Agency suits, which are expected to be filed in the coming days in federal court, are aimed at Bank...

Highway Patrol and LAPD in Los Angeles chasing a DUI suspect all over Los Angeles. Live feed.

Bank's mistake leads to financial troubles for Florida womanA central Florida woman says she having numerous financial troubles because of a bank error. Chase Bank USA declared her dead last November. Wrenella Pierre has filed a lawsuit and Chase officials said Monday they're investigating how the mistake happened. When Pierre and her husband, Curtis, built their Oviedo home in 2007, they got two mortgages through Chase. According to the lawsuit, the bank notified credit-reporting agencies last year that Pierre had died. They sent a letter of condolence to the family, saying someone from the bank would be in touch about...

AUBURN, Wash. - Buying his own home was a big accomplishment for construction worker, Ikenna Njoku, of Auburn. He’s only 28 years old. “I was really excited. For the first time, I actually got to buy a lawn mower, mow my lawn and everything,” said Njoku. Njoku qualified for the first time home buyer rebate on his tax return. "It was really important, I had a vehicle I was looking on paying off," said. Njoku. And it wasn’t just any vehicle. “It was a 2001 Infinity I-30, silver…just like my favorite car, “he said. Njoku signed up to have the...

Bank of America and Morgan Stanley have agreed to pay more than $22 million combined to settle federal civil charges on improperly foreclosing on military personnel, The Associated Press reports. The latest home or commercial real estate news Sample Between 2006 and 2009, the mortgage lenders foreclosed on 178 military members in 22 states without getting court approval. The military members affected will each receive $125,562, on average. The banks will also continue to investigate whether improper foreclosures occurred in 2009 through 2010.

Due to the growing list of brands disclosing that they have been compromised as a result of this breach, I’m going to go ahead and tag this as a massive breach. And I only expect it to get bigger as more announcements come out from Epsilon customers. Last night we reported on a breach at marketing services provider, Epsilon, the world’s largest permission-based email marketing provider. Initially we wrote that the breach had affected Kroger, the nation's largest traditional grocery retailer. There is a list of companies at the link (but I don't know if that is going to be...

SIERRA VISTA — A pursuit of a vehicle suspected to be loaded with illegal immigrants was called off after speeds reached upwards of 100 mph on Highway 90, police said. Officers responding to a report of a “load” vehicle spotted the Chevrolet Impala as it traveled south near the Sierra Vista Municipal Airport around 2:23 p.m. Thursday, said Tracy Grady, public information officer for the Sierra Vista Police Department. As many as seven people were inside the car during the pursuit, which was called off for safety reasons, Grady said. Officers continued to follow the vehicle, however, and it was...

This did not make the news, but it fits in with other stories that at least were barely reported on. I will tell it as I was told it. I was at my local branch of Chase today making some transactions. I have a number of accounts, and therefore know a few of the folks there. I asked the teller in passing if they had heard the news about SEIU’s Stephen Lerner’s plan for an orchestrated union and community organizer action against Chase in May, with the hopes of precipitating a financial meltdown and national anarchy. Several other tellers also...

From The Blaze: Revealed The Left's Economic Terrorism Playbook: The Chase Campaign for a Coalition of Unions, Community Groups, Lawmakers and Students to Take Down US Capitalism and Redistribute Wealth & Power

March 22nd, 2011 (1 of 5)

Revealed The Left’s Economic Terrorism Playbook: The Chase Campaign for a Coalition of Unions, Community Groups, Lawmakers and Students to Take Down US Capitalism and Redistribute Wealth & Power

.....Your debit card may soon be denied for purchases greater than $100 -- or even as little as $50. JPMorgan Chase, one of the nation's largest banks, is considering capping debit card transactions at either $50 or $100, according to a source with knowledge of the proposal. Why? Because of a tricky thing called interchange fees. Right now, every time you swipe your debit card, your bank charges the retailer an average fee of 44 cents, which it shares with its partners. .... And consumers would end up feeling the pain when Bank of America is forced to recoup costs...

JPMorgan Chase on Tuesday announced new programs geared toward military customers and veterans, and apologized for overcharging thousands of active-duty service members on mortgages and improperly foreclosing on more than a dozen. The steps include a program making certain military personnel eligible for reduced-rate mortgages; enhancing a mortgage modification program for personnel who are having trouble making payments; and a pledge not to foreclose on any active personnel while they're deployed. JPMorgan Chase [JPM Loading... () ] Chairman and CEO Jamie Dimon said those programs and other initiatives "are a start, but in no way a finish" to the bank's...

Earlier today, the White House released a budget proposal that included trimming the mortgage interest deduction for taxpayers in the top income tax brackets. This is the first step in eliminating what many economists view as an expensive and inefficient housing subsidy. Unfortunately, many of the critics of the mortgage interest deduction focus on its immediate costs. If it were eliminated, it might bring in more than $2 trillion of new revenue for the government or—as I proposed this morning—allow up to $2 trillion of new tax cuts for the American people. Actually, I think getting rid of the housing...

A suspected armed car jacking in Baker County led to a crumpled convertible and a banged up police cruiser on Jacksonville's Southside Thursday night. Sean Nicholas Owens, 22, of Jacksonville is being held at the Duval County jail after taking police on a nearly 30 minute high-speed chase that at times reached over 100 miles-per-hour. Read more at Jacksonville.com: http://jacksonville.com/news/crime/2011-02-10/story/police-name-man-charged-high-speed-chase#ixzz1Dcgs2xuW

The overseer trying to recover funds for Bernie Madoff's victims slapped J.P. Morgan Chase with a $6.4 billion suit Thursday, claiming the bank turned a blind eye to the mega-fraudster's swindling. Trustee Irving Picard says officials at J.P. Morgan, Madoff's longtime banker, should have spotted red flags alerting them to the Ponzi scheme. "Just as in the children's fable, they knew the 'Emperor had no clothes,' but looked the other way, allowing the fraud to continue," Picard's lawyer, Deborah Renner, said Thursday. The bank "admitted in the months before Madoff's arrest that ... returns were too good - especially in...

Chase Bank On North Main Street In Pearland Robbed Friday PEARLAND, Texas -- Two armed men are holding people hostage in a bank robbery, police said. Pearland police said the men held up the Chase Bank in the 1900 block of Main Street on Friday morning. Investigators said the bank's manager was injured, but have not released the extent of his injuries. An unknown number of hostages are being held inside the bank, police said. Residents in the area said parts of state Highway 35 were being blocked off. For more information on this breaking story, stay tuned to KPRC...

A working group of attorneys general and banking officials from all 50 states has gathered evidence in its probe of potentially improper or illegal lending and servicing practices. The group met with representatives of five top mortgage lenders and servicers — GMAC/Ally, J.P. Morgan Chase, Citibank, Wells Fargo and Bank of America. "We are having ongoing discussions with these institutions. We have also met with groups of investors and a number of consumers … We are well under way with that process." The investigation came together quickly in the fall, after complaints arose about lenders and servicers using "robo-signing" practices...

JP Morgan Chase quickly became known as the scrooge of the banking industry when it ordered a Christmas tree removed from the lobby of the Chase bank in Southlake, TX (see article: JPMorgan Chase says Christmas tree offensive) but it appears that someone in corporate has had a change of heart regarding the removal of this holiday icon. The Christmas tree was a gift from local businessman Antonio Morales because, as he told CBS 11 news: "I want the bank that I bank at to always have a beautiful tree." After corporate caught wind of the structure, and claimed people...

Fresh off its apparent victory to put the "Christmas" back into Dick's, the not at all crazy people at the American Family Association have re-focused their laser beams on JPMorgan Chase. Not because it's a big bank who was recently sued for its alleged part in the Bernie Madoff ponzi scheme, but because they don't want Christmas trees in the lobby.

SOUTHLAKE -- Chase Bank told a businessman to remove the Christmas tree he donated to a local branch because it could offend people. Antonio Morales, owner of Bellagio Day Spa in Southlake, had assembled and decorated a 9-foot-tall tree in the lobby of the Chase Bank branch at 1700 E. Southlake Boulevard as a favor to the branch manager, who is one of his clients. The tree remained in the lobby from the Monday before Thanksgiving until Tuesday. Morales said his friend called him Wednesday to tell him the tree had to go. She later showed him an e-mail from...

NEW YORK -- The Federal Reserve on Wednesday reluctantly opened the books on its monumental campaign to save the financial system in the midst of the recent crisis, revealing how it distributed some $3.3 trillion in relief. The data revealed that the Fed's aid was scattered much more widely than previously understood. Two European megabanks -- Deutsche Bank and Credit Suisse -- were the largest beneficiaries of the Fed's purchase of mortgage-backed securities. The Fed's dollars also flowed to major American companies that are not financial players, including McDonald's and Harley-Davidson, through unsecured short-term loans. The measure, initiated in Jan....

Remember, the allegations made by various legal folks in the practice (and apparently validated by the case law thus far) is that not one note has been able to be produced that contains all of the required conveyances and endorsements. What's going to happen when (or if) these folks gain access to the files and find that they're missing - that is, that the custodian doesn't have them? Well now that would be interesting, no? "Mortgage-backed securities" that in fact have no mortgages in them? Why that would be a wee problem, no?

Bank Of America Getting Crushed In Trading That's Scarily Reminiscent Of Pre-Crisis Days Joe Weisenthal Oct. 25, 2010, 12:39 PM And there goes Bank of America again. Both it and JPMorgan are getting crushed right now, as concern about foreclosures and mortgage putbacks continue to weigh on the megabanks. There's something about Bank of America's action that's particularly nausea-inducing. It's the relentless selling -- all headlines not withstanding -- that suggest the market knows something or thinks something that nobody can voice about how bad this will get. Some comments from Sheila Bair -- via ZeroHedge -- about how the...

4 In Your Corner continues to investigate the Rocket Docket. That's the speedy-foreclosure process in Southwest Florida's 20th Judicial Circuit. We have the story of one Charlotte County man who's trying to stop it. As a notary public with over 20-years experience, Ron Gillis scrutinized his mortgage documents preparing for his foreclosure hearing. And he claims to have found on paper what many of you have complained to 4 In Your Corner about, mortgage fraud and falsified documents; and in the courtroom, violation of due process and rogue judges. That's why he's filing complaints against foreclosure judges Leeann Schreiber and...

Bank of America alleged in a court filing this June: It appears as though many loans and other mortgage-related assets have been double and even triple-pledged to various constituencies As I have repeatedly pointed out, the failure of the mortgage originators and banks to prepare and record proper documentation has led to an epidemic of fraud. The pledging of the same mortgage again and again to different trusts related to mortgage backed securities is just one result. And as long-time foreclosure investigator Nye Lavalle writes: On thousands of occasions I stated to regulators, CEOS, banks, Fannie and Freddie that the...

WASHINGTON (Dow Jones)--The White House is committed to holding banks accountable for any legal violations tied to housing foreclosures, White House Press Secretary Robert Gibbs said Tuesday. Gibbs also reiterated that the administration "strongly" supports an investigation by 50 state attorneys general into allegations that bank employees signed foreclosure documents without carefully reviewing the contents. Gibbs' statement comes as several large financial institutions, including Bank of America Corp. (BAC) and GMAC Mortgage, a lender and loan servicer, said they were restarting foreclosures. Bank of America said the company hasn't found significant problems with its process for seizing homes. The bank...

Foreclosure attorney David Stern, who is being investigated for fabricating legal documents, purposefully hid files from inspectors with Fannie Mae and Freddie Mac, a former employee said in recently released deposition. Stern had a tight-knit relationship with the two mortgage giants, and referred to them as his “babies,” former employee Kelly Scott said. Scott also said office managers and key staff members got gifts, including new cars. Stern’s law firm is one of the largest foreclosure law firms in Florida, handling thousands of cases per month. Attorney General Bill McCollum is investigating the firm for allegedly creating phony documents. McCollum’s...

Plaintiff's Motion for Entry of Protective Order at 7. As grounds for it's motion, Plaintiff points to the embarrassment GMAC and it's employees suffered, and will continue to suffer, from the posting of excerpts from Stephan's deposition transcript on an Internet blog. The Court is not persuaded that the Plaintiff has shown the requisite "good cause" to justify entry of a protective order in this case.

NEW YORK (Dow Jones)--U.S. stocks closed modestly lower Thursday as investors retreated from financials because of concerns over banks' foreclosure practices. The Dow Jones Industrial Average fell 1.51 points, or 0.01%, to 11094.6, snapping a four-session winning streak in a day of choppy trading. Financials led the Dow's declines. Bank of America dropped 69 cents, or 5.2%, to 12.60 and J.P. Morgan Chase fell $1.12, or 2.8%, to $38.72. Both are among the wave of banks reviewing their foreclosures after temporarily suspending evictions due to concerns over "robo signers," who approve hundreds of foreclosure documents a day. Among other banks...

Officials in 49 states and the District of Columbia have launched a joint investigation into allegations that mortgage companies mishandled documents and broke laws in foreclosing on hundreds of thousands of homeowners. The states' attorneys general and bank regulators will examine whether mortgage company employees made false statements or prepared documents improperly. Alabama was the only state not to join the investigation.

The new, 49-state investigation into foreclosure frauds comes as no surprise to people who follow the mortgage service business. Shoddy, deceptive paperwork has plagued homewowners for years. In the industry’s slimy underside, firms push borrowers into default and foreclosure, even when they’ve been making payments on time. Their business model makes defaults profitable, says Marie McConnell who has been auditing mortgages for 24 years. The ugly chain of deception starts with the way the servicers handle your escrow account. A mortgage service company collects your monthly payments, deducts a fee, and passes the remainder to the investors who own the...

Florida foreclosure law firms were using the same "robo-signer"-type practices to repossess homes that tripped up the nation's major lenders, a signal, defense attorneys argue, that should lead to a larger foreclosure moratorium. Banks that have not pulled back on foreclosure sales and evictions, such as lender CitiMortgage, gave firms power of attorney to sign documents on their behalf. In turn, some firms created assembly-line signing systems to keep up with bank deadlines on foreclosure cases.

I'm getting tired of this, so I'm going to trot out the proof and stick it under everyone's nose. We keep hearing that these "lost document" affidavits and similar are just "sloppiness." They are not. They are hard evidence of fraud, with the only decision left to be made being one on exactly where the fraud happened. I'm going to show you a document - a Pooling and Servicing Agreement - from one MBS Trust. There are literally thousands just like this. I've read dozens. Those that were sold to the public are all filed on the SEC's web page,...

COLLECTIVISM The Fabian Society began in England in 1887 by a very small group of elitist socialist that sought to reform society gradually into one of socialism instead of through violent revolution. At first their purpose was to be an alternative in Britain for the more dominate Marxist Social-Democratic Federation, but their true goal was to accomplish socialism through a very gradual process using the voting booth and representative democracy as their instrument of change. In fact, one of their symbols is a Turtle with the motto: "When I Strike, I Strike Hard". Another symbol is the Wolf in Sheep's...

J.P. Morgan Chase, one of the nation's leading banks, announced Wednesday that it will freeze foreclosures in about half the country because of flawed paperwork, a move that Wall Street analysts said will pressure the rest of the industry to follow suit. The bank's decision will affect 56,000 borrowers in 23 states where allegations of forged documents and signatures and other similar problems are being used to try to overturn court-ordered evictions. Yet the impact may be much broader, given J.P. Morgan's stature in the industry. If other banks adopt the same approach, the foreclosure process in many parts of...

<p>The outage was due to "technical problems," said Chase spokesman Tom Kelly, who added that the problem was "not related to hackers or fraud."</p> <p>Kelly said the company was "working to fix the problem as soon as possible."</p> <p>"Rather then give a prediction about when it will be fixed, we're just going to tell people when it goes back up," Kelly said about 6:00pm ET. "But we are talking hours not days."</p>

Speeding motorcyclist taunts state trooper trapped in crashed car A state trooper rolled his car multiple times while chasing two reckless motorcyclists, one of whom returned to taunt the injured trooper trooper, officials said. The incident happened on the northbound ramp from Interstate 5 to State Route 599 at approximately 6:45 p.m. Tuesday. Washington State Patrol Trooper Cliff Pratt said the trooper was chasing a group of at least nine members of a south King County motorcycle group who were speeding dangerously and getting too close to cars. As the trooper tried to close in on the fastest biker, he...

Four police cars, lights on and sirens blaring, chased a man in a go-cart at top speeds of 20 mph through downtown St. Paul on Tuesday evening. Police finally boxed him into a parking lot, chased him around some more and then shocked him twice with a stun gun before his go-cart came to a stop. The man refused to speak to officers or give his identity. He was booked into the Ramsey County Jail under the name John Doe, his age unknown. The chase began about 5:50 p.m. near 12th and Jackson streets. A police officer in a squad...

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WEST VALLEY CITY, Utah (AP) -- Police say a woman is undergoing a mental evaluation after leading officers on a bizarre chase while she wasn't wearing any clothes. Officers say she stole two cars, including a police cruiser, and crashed both before she was subdued with a stun gun Tuesday. West Valley City police Capt. Tom McLachlan says the woman is in her early 30s, but her name is not being released for now. He says doctors need to finish the medical assessment before police decide...charges she may face. McLachlan says doctors do not believe drugs or alcohol were involved......

Former Washington Mutual Chief Executive Kerry Killinger on Tuesday said regulators unfairly seized the Seattle-based thrift in September 2008 and sold it to JPMorgan Chase for a bargain price of $1.9 billion. In prepared testimony before the Senate Permanent Subcommittee on Investigations, Killinger said that, while the company suffered from rising loan losses, it was working its way through the financial crisis. Killinger, who was paid more than $100 million between 2003 and 2008, was forced out in 2008. The subcommittee is holding the first of four hearings on the causes and consequences of the financial crisis. Killinger and other...

Chase plans to eliminate by the first quarter of next year a common industry practice that enraged many consumers. Instead of lumping a day’s worth of debit card and A.T.M. transactions together and then processing the highest amounts first — a practice that has caused large numbers of consumers to overdraw more quickly and pay more fees — it will credit the transactions chronologically. Chase also plans to allow customers to opt out of overdraft coverage. Consumers who overdraw often do not realize that overdraft coverage is automatic and that the bank will not simply cut them off when their...

HOUSTON, March 14, 2010 /PRNewswire via COMTEX/ ----Washington Mutual shareholders (Stock Symbols: WAMUQ, WAHUQ, WAMPQ, WAMKQ) and WamuTruth.com staff were shocked to discover on Friday that Brian Rosen, council for WMI, has agreed to a proposed "settlement" with JP Morgan and the FDIC of all outstanding litigation and claims without consultation or discussion with the Official Equity Committee of Washington Mutual. This unprecedented surrender involves giving away all of the company's rightful assets and claims for a pittance to the detriment of all equity stakeholders in the company. This proposed settlement was clearly done with no regard to the rights...

My best friend's mother is a 77 year old widow who does seamstress work on her own but in the past, did work for a variety of companies. This elderly woman, as a result of her business slowing down, became delinquent with her unsecured credit card debt. She was honest with the creditors and her daughter even spoke to them as well. What is happening is not only is the bank calling the woman everyday at home and asking her to pay or seek out friends and family for money, but they are calling her past places of employment as...

A Minneapolis K9 died after falling off the roof of a three-story building, during a possible burglary call. Police say officers were called to the 200-block of Hennepin Avenue South for a suspected burglary in progress, just after 7 a.m. Monday. The K9, named Chase, was called in to assist after police found evidence that the suspect was possibly still in the building. Chase and his handler, Officer Eric Lukes, were searching the roof when the dog fell and sustained grave injuries. "While Chase was running over to the edge, he leapt over the side of the wall and fell...

JPMorgan’s profit beat expectations in the third quarter, with investment banking operations posting strong gains, the company said Wednesday. But the company warned that credit costs remained high. The bank earned 82 cents a share in the third quarter, up from 9 cents a share in the same quarter a year ago. That was much higher than the 52 cents a share analysts surveyed by Thomson predicted. JP Morgan shares rose more than 3 percent in pre-market trading. Tier 1 common capital at JPMorgan [JPM 45.66 -0.42 (-0.91%) ] was also strengthened through capital generation during the quarter, up 8.2...