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Joined 1 year ago
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Cake day: June 14th, 2023

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  • The best part of the article (if you can call it that) is that it gives you potential information

    “Regulation Z, which is part of the Truth in Lending Act,” Kelly said. “It requires that monthly statements be sent if there is interest assessed on a mortgage.”

    So if they did not send monthly statements, it throws the homeowner a potential lifeline.

    By violating Regulation Z, Kelly says, “they then open themselves up to serious legal consequences and provide consumers the leverage they need to stay in their homes.”

    This is just one strategy, but Kelly has been using this approach to help homeowners in dozens of cases. She just resolved a class action case where she was able to get the names of nearly 300 homeowners from one company and help them all.


  • But is the Internet dying? The thing it doesn’t say is if the human participation is dwindling.

    To keep it simple, I’ll work with small numbers. Imagine there are 10 humans online. Now imagine 1 bot on online. Bots are 9% (1 in 11) of this imaginary online community. A year later, those same 10 humans are still online, but there are now 10 bots online; the bots are 50% of the community. This statistic can lead you to think there is less human participation when nothing happened to the humans. The difference is the raw number of bots. This is what I believe is happening, about the same number of humans, just an increasing number of bots, scraping, posting, etc.

    X/Twitter is dying because of mismanagement.