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Paul Kiel covers consumer finance for ProPublica.
In recent years, his work has helped spur a $135 million settlement by a subprime lender for alleged abuses against service members, legislation in Congress, a federal investigation of a high-cost lender, state rule changes, and a nonprofit hospital to renounce its past aggressive collection of low-income patients’ debts and forgive millions of dollars’ worth of medical bills.
Past areas of focus have included the foreclosure crisis, high-cost lending (particularly installment and payday loans), and the widespread use of lawsuits and garnishments to collect consumer debts. His current area of focus is the consumer bankruptcy system.
His work has appeared in several newspapers, including the Washington Post and New York Times. He has also produced stories for National Public Radio and American Public Media’s Marketplace, as well as appeared on This American Life.
Among other honors, his work has been awarded a Scripps Howard Award, a Best in Business Award from the Society of American Business Editors and Writers, the Online News Association’s Al Neuharth Innovation in Investigative Journalism Award, and a National Press Club Award. His e-book on the foreclosure crisis was featured in The Best Business Writing 2013.
Articles (page 4 of 25)
April 11, 2012, 7:53 a.m.An employee at a mortgage servicer that was owned by Goldman describes the internal chaos that harmed thousands of homeowners and undermined the government's flagship foreclosure prevention program.
April 10, 2012, 4 a.m.The story of how one woman went from a three-bedroom home to a tent is the story of how America ended up in a foreclosure crisis that still drags down the economy.
Feb. 10, 2012, 10:55 a.m.Yesterday's mortgage settlement aims to avoid the pitfalls of the administration's floundering foreclosure program, but enforcement is again a question.
Nov. 4, 2011, 9:41 a.m.The Independent Foreclosure Review seeks to compensate homeowners victimized by big banks, but key elements remain undecided, unclear or secret, while lawmakers and homeowner advocates have criticized some of the known features.
Nov. 4, 2011, 9:37 a.m.Regulators have provided a bare-bones website and frequently asked questions about the foreclosure reviews. But we thought things could be even clearer for readers, so we are providing this FAQ.
Oct. 24, 2011, 5:51 p.m.Federal Housing Finance Agency chief Edward DeMarco had blocked earlier efforts to help struggling homeowners, but now he’s signed onto a major change to encourage banks to refinance underwater mortgages.
Oct. 20, 2011, 10:51 a.m.Anonymous tip warned Treasury that United Commercial Bank was troubled, but the bank still got almost $300 million. Now the bank has failed and two executives are facing criminal charges.
Oct. 4, 2011, 10:25 a.m.Documents obtained by ProPublica suggest the government coddled mortgage servicers in its flagship foreclosure prevention program despite frequent and serious errors.
Sep. 9, 2011, 2:28 p.m.Obama wants to help hurting homeowners refinance into cheaper loans, but that hasn’t gone well so far, and efforts to fix it might be stymied.
Aug. 30, 2011, 4:46 p.m.By vastly expanding its suit against Bank of America to include all major stages of the bank's mortgage practices, Nevada signals that the banks' mortgage troubles will likely continue to dog them.
July 27, 2011, 12:07 p.m.An internal document obtained by ProPublica shows that when one of the nation's largest mortgage servicers sought to foreclose on a homeowner last year and lacked a crucial document, they just made one up.
June 24, 2011, 12:45 p.m.Banks continue to blindside homeowners by foreclosing when the homeowners are still awaiting word on their application for a mortgage modification.
June 10, 2011, 9:22 a.m.After two years of arguing that it had little power to punish banks for breaking the rules of its mortgage modification program, the administration has decided it’s finally time to crack down. But the punishment won’t do much damage to banks that count their profits in the billions.
June 2, 2011, 8:48 a.m.Many homeowners have received a mortgage modification only to find themselves once again at risk of foreclosure because of errors by their mortgage company. ProPublica investigated six of these cases.
June 2, 2011, 8:48 a.m.Many homeowners have been granted a hard-fought mortgage modification only to have their mortgage company effectively pull a bait and switch.
May 9, 2011, 6 a.m.Some banks and others who handle mortgages have been forcing homeowners into a corner: You want a chance at saving your home? Then you’ll have to waive your right to sue.
May 9, 2011, 5:59 a.m.
April 21, 2011, 9:19 a.m.As regulators launch an unprecedented plan to compensate victims of wrongful foreclosures, ProPublica will be watching closely.
April 21, 2011, 9:19 a.m.
April 13, 2011, 12:53 p.m.The recent budget deal struck between Republicans and Democrats would slash funding for housing counseling, a move that advocates say would force counseling agencies to lay off staff amid the foreclosure crisis.
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