Attorney General Lisa Madigan has sent a letter to the Federal Housing Finance Agency (FHFA), demanding the agency abandon a proposal that would unfairly penalize Illinois borrowers by tacking higher fees on new mortgages sold in the state.
Read MoreIn responding to the second report issued by the national foreclosure settlement’s independent monitor, Illinois Attorney General Lisa Madigan outlined the direct relief Illinois borrowers have received as a result of the $25 billion settlement reached earlier this year with the nation’s five largest bank mortgage servicers over allegations of widespread “robo-signing” and other fraudulent practices involved in servicing loans of struggling homeowners.
Read MoreIllinois Attorney General Lisa Madigan (D) joined 41 of her counterparts Nov. 20 in calling on Congress to extend tax relief for homeowners who have mortgage debt canceled or forgiven because of financial hardship or declining home values.
Read MoreIllinois Attorney General Lisa Madigan released her office's annual Safe Shopping Guide on Monday. It details recalled products to warn parents about potentially dangerous toys and household items. Items in the guide were recalled over the last year. They include toys covered with lead paint, dolls with choking hazards and defective high chairs and strollers.
Read MoreIllinois Attorney General Lisa Madigan (D) announced Nov. 15 a $90 million settlement with pharmaceutical company GlaxoSmithKline reached with 37 of her counterparts over allegations that the company unlawfully promoted its diabetes drug, Avandia. Illinois will receive more than $5 million under the settlement.
Read MoreAmong speakers at the kickoff was Illinois Attorney General Lisa Madigan, who spoke about the tremendous need and credited lawyers for offering to help. "As lawyers, we have the opportunity to use our abilities to help others. While many people think our work is exclusively done in the courtroom, today we're here to focus on a more basic need - helping people in the kitchen. Lawyers Feeding Illinois gives all of us involved in the practice of law an opportunity to put our time and talents to good use beyond the courtroom."
Read MoreIn recognition of Veterans Day, Illinois Attorney General Lisa Madigan (D) released a new, comprehensive guide on the many legal protections, rights and benefits for military service members, veterans and their families.
Read MoreIllinois's attorney general won a circuit-court ruling to proceed with a lawsuit against Standard & Poor's Ratings Services alleging that the firm misled investors during the financial crisis.
The state's top prosecutor has accused S&P of seeking to boost its profits and cater to its banker clients by assigning its highest ratings to mortgage-backed securities that later imploded.
Read MoreIllinois Attorney General Lisa Madigan and Will County State's Attorney Jim Glasgow have filed a joint lawsuit and are seeking a preliminary injunction against ExxonMobil for an Oct. 19 incident in which the company's refinery released oil in its surrounding area in Channahon Township.
Read MoreHistorically, the attorney general's office received 20,000 calls a year concerning consumer-related issues. Since the economic collapse about over four years ago, that number of inquiries has risen to almost 33,000 a year, Madigan said.
Read MoreIllinois Attorney General Lisa Madigan (D) and 40 of her counterparts called on Congressional leaders Oct. 5 to oppose legislation that would preempt states’ authority to crackdown on predatory high-cost, short-term loans.
Read MoreAs Illinois attorney general, tens of thousands of Illinois borrowers have reached out to my office for help navigating the bewildering and frustrating experience of trying to save their homes, but sadly, thousands more never call for help.
Read MoreWells Fargo & Co. will offer $8.2 million in down payment assistance grants this month to almost 550 homebuyers in Chicago and 28 suburbs, the bank said Wednesday.
The bank's CityLIFT program, announced at a news conference with officials from the Illinois attorney general's office and the Justice Department, is one aspect of a national fair-lending settlement announced with Wells Fargo in July. That settlement resolved allegations that the bank's black and Hispanic borrowers were allegedly steered into high-cost, subprime mortgages.
Read MoreThe Illinois Attorney General's office said it would give almost $1.4 million over three years to the Lawyers Committee for Better Housing to help provide legal assistance to renters.
Read MoreAttorney general Lisa Madigan announces $4.5 million dollars will go to Prairie State Legal services to fund much-needed legal representation.
Read More“Every time there’s a new government program announced – in this case, it’s a very large settlement — scam artists use that as an opportunity to defraud people,” said Illinois Attorney General Lisa Madigan.
Read MoreIllinois Attorney General Lisa Madigan joined with the Federal Trade Commission on Tuesday in a settlement with a Lake Bluff company that used computer software to allegedly spy on consumers who rented laptops from their stores.
Read MoreHome repair and construction companies located in Addison, Barrington and Lake in the Hills are among five businesses named in lawsuits filed Thursday by Illinois Attorney General Lisa Madigan claiming the owners bilked homeowners out of more than $365,000.
Read MoreIllinois' attorney general joined a chorus of consumer groups Wednesday in warning parents about the presence of arsenic in rice and infant rice cereals.
Read MoreIn responding to the first report issued by the national foreclosure settlement’s independent monitor, Attorney General Lisa Madigan yesterday outlined the direct relief Illinois borrowers have begun to receive as a result of the $25 billion settlement reached earlier this year with the nation’s five largest bank mortgage servicers over allegations of widespread “robo-signing” and other fraudulent practices involved in servicing loans of struggling homeowners.
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