CFPB Holds the Keys to Fixing Servicing, Not the States

By: David Dayen Monday May 7, 2012 8:15 am

I wanted to take note of this one story from last week, about the fact that the foreclosure fraud settlement is only a three-year agreement, meaning that all the vaunted reforms of the servicing market end up expiring at the end of the time period. But the solution lies with Consumer Financial Protection Bureau’s efforts to adopt permanent standards for servicers.

Genetically Modified Food Labeling Initiative Likely to Make California Ballot

By: Jon Walker Wednesday May 2, 2012 11:00 am

Voters of California will likely have an opportunity to vote to require labeling of some genetically modified foods. The California Right to Know campaign filed over 970,000 signatures to the Secretary of State. Even if a significant percentage of the signatures are found to be invalid, the initiative will likely clear the 504,760 valid signature threshold to make it on the ballot.

CA: Three Strikes Reform Likely to Go Before the Voters

By: Jon Walker Friday April 27, 2012 3:15 pm

There is a good possibility voters in California will get a chance to reform their 1994 “three strikes” law this November. Supporters of the ballot initiative to reform the law claim they turned in signatures well in excess of the 500,000 required by state law to qualify for the ballot.

Imagine a Nuclear-Free California (It’s Already Here)

By: Gregg Levine Friday April 27, 2012 11:05 am

California has two nuclear power plants. San Onofre, between Los Angeles and San Diego, has been offline for months as everyone tries to find an excuse for the alarmingly rapid wear on new reactor tubing. (Being shut down, however, did not prevent a fire from breaking out this week when a pipe ruptured and released radioactive steam.)

But as of Thursday, Diablo Canyon, the nuclear plant to the north, is also offline–thanks to. . . uh, salp?

California Voters Will Soon Decide Fate of the Death Penalty

By: Jon Walker Tuesday April 24, 2012 12:00 pm

The SAFE California Campaign has managed to qualify for the November ballot an initiative that would abolish the death penalty and replace it with life without the possibility of parole. Polling indicates the campaign will have a bit of an up hill fight in convincing voters to abolish the death penalty. A poll by SurveyUSA from last month found that 61% of registered voters in California would vote to keep the death penalty, but initiative backers hope to convince voters the move would save millions in state costs.

Late Night FDL: Taking the Train to Nowhere Fast

By: Swopa Friday April 20, 2012 8:00 pm

Okay, so maybe part of me just wanted to post a video of a long-lost favorite song from my youthful days seeing local bands in L.A. clubs… but, as someone who spent several years living in Los Angeles and then just across the bay from San Francisco, I’ve long wondered if I would live long enough to see high-speed rail make it to the Golden State.

State-Level Efforts Seek Accountability for Foreclosure Fraud, Justice for Homeowners

By: David Dayen Thursday April 12, 2012 7:13 pm

RealtyTrac data shows that judicial foreclosure states, where the integrity of the documents is most acute, experienced a spike in foreclosure filings over these three months. The non-judicial foreclosure states have seen falling filings, perhaps correlated to the falling unemployment rate, perhaps correlated to not much. The full effect of the settlement has yet to be seen.

Huge: California Dems Are All In to Defeat Amendment One in NC

By: Pam Spaulding Tuesday March 20, 2012 6:15 am

We saw money pour in from all over the country to help California in its Prop 8 battle, but it wasn’t ever clear that there would be the same level of commitment to help battles in smaller states with a smaller political footprint. But the California Democratic party believes we can win this, and they’re all-in to make this victory happen in 2012.

SCOTUS: State University ‘Christian’ Clubs Not Allowed to Discriminate Against LGBT Students

By: Pam Spaulding Monday March 19, 2012 1:05 pm

The U.S. Supreme Court refused to accept a case challenging a lower court ruling on the anti-discrimination policy at organizations recognized by California state universities. The groups relied on a “religious freedom” argument to justify discriminating against LGBT students — restricting admittance to Christian members only by a fraternity and sorority at San Diego State University, but the appellate court disagreed.

Katherine Porter Named as Enforcement Monitor for California Side Deal in Foreclosure Fraud Settlement

By: David Dayen Saturday March 17, 2012 4:00 pm

I’ve met Katie Porter one time. She writes at Credit Slips and, back in 2007, did one of the first clinical studies of mortgage servicer misbehavior and abuse, in that case with respect to bankruptcy. She is one of the pre-eminent legal scholars in this field, and she knows every single trick that the servicers have done over the past decade. There are few other people as equipped to handle the job of the monitor than her, in my estimation. And I hope that she uses this pathway, with the evidence she will compile, to make a broader effort to blow the whistle on a broken and corrupt mortgage servicing industry. And that’s likely.

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Saturday, May 26, 2012
2:00 pm Pacific
The Great American Foreclosure Story: The Struggle for Justice and a Place to Call Home Chat with Paul Kiel about his new book.
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Sunday, May 27, 2012
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MIC at 50: The Military Industrial Complex at 50 Chat with David Swanson about his new book.
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