Banks are regulated by both state and federal law. In some cases, they have a fiduciary or legal obligation to protect and foster the interests of their clients. In underwriting mortgages, banks are expected to use certain standards for determining if someone is qualified for a loan. A consumer financial protection lawyer comes into the picture when banks abuse their position in looking out for their customers’ interest or when they issue a loan to someone who cannot really afford it.
Joe Norwood holds banks accountable for taking advantage of borrowers, business clients, and consumers. Working with forensic accountants, mortgage experts, and private investigators, he reviews bank records, account histories, and mortgage applications to expose negligence on the part of brokers and bank managers that results in financial harm an individual.
Misconduct on the Part of Banks
Joe advises and represents people who have been harmed by bank misconduct in regard to the following issues:
- Breach of fiduciary responsibility
- Mismanagement of trust, money market, or investment funds
- Ponzi / Madoff scheme
- Predatory lending
- Underwriting irregularities in qualifying for a mortgage
As a consumer, you have certain rights. When banks take advantage of their position by misleading borrowers or mismanaging their funds, Joe can help. If you are unsure whether or not you have a case against a bank, contact him to schedule a free consultation to discuss your case.