Monday, January 25, 2010
WV AG McGraw sues Capital One AGAIN - unconscionable practices - re-aging debts
I’ve previously written about the Capital One practice to offer NEW accounts WITH old charged off debts. I’m glad to see that McGraw is TRYING to do something about it.
What’s wrong with the OTHER 49 AGs?
And I wonder WHY he can sue them again. In 2008, he sued Capital One and they promptly converted to a NATIONAL bank. The states have NO power to enforce the laws against NATIONAL banks, as Wells Fargo litigated in California years ago.
I’m sure you can see what’s going on. The BANKERS are running Washington D.C. and of course their REGULATORS, the Federal Reserve Banks, do NOTHING!
Long time readers may recall that I sued the Federal Reserve Bank of Richmond and its VP and Senior Legal Counsel James McAfee in 2003 to MAKE them enforce the Fair Credit Reporting Act. Of course they were dismissed and did NOT enforce anything.
I’m not going to post the links here because we are in the middle of launching Liars and Cheats EXPOSED HEADLINES.
If you read Rense.com, you’ll recognize the format, although we’re changing it a little and we substitute credit and collection news for his Zionist news. All headline links will be archived so that you can find OLD news and I’ll try to find the OLD but VERY relevant articles about Wells Fargo’s California litigation establishing that the states’ AGs have NO jurisdiction over NATIONAL banks.
I’m so incredibly sick and tired of everybody harping on derivatives and BS that has absolutely NOTHING to do with our problems.
ALL major banks should have FAILED and made room for community banks like the Common Good Bank.
The only reason the big NATIONAL banks ARE successful is because they engage in CRIMINAL practices with impunity.
HEADLINES will be a lot more than random links and I will document these allegations.
Of course I’ll still be writing about credit and collection news here and I’ll definitely try to look into why McGraw CAN sue Capital One again. I’ll have to get the court filings, watch what happens. And that takes time and money.
So please vote with your dollars and support Liars and Cheats EXPOSED!
Legal • Regulators - legislators • Credit - Collection - Economic News • (2) Comments • Permalink
