iOS app Android app

Office of the Comptroller of the Currency

Ben Hallman

Big Banks' Mortgage Units -- Still Failing Customers -- Face New Restrictions | Ben Hallman | Posted 06.17.2015 | Business

Remember that time the nation's largest banks engaged in fraud and deceptive lending to fuel Wall Street's insatiable appetite for dodgy investments b...

'Too Big to Fail' Banks: Glimmers of Hope

Preeti Vissa | Posted 04.26.2015 | Business
Preeti Vissa

Last December I wrote about a bank merger deal that could create yet another "too big to fail" bank from the smoking embers of two of the very banks that helped blow up our economy in 2008: OneWest Bank (formerly IndyMac) and CIT Bank. While I'm baffled that this merger is still pending, I'm happy to report a bit of good news.

The Greatest Story Never Told (So Far)

Joel Sucher | Posted 03.11.2015 | Business
Joel Sucher

It's all about how millions of Americans who may have been thrown out of their homes, or at least forced to stress about the possibility, were denied access to information that might have revealed how widespread the foreclosure problem was.

Can LA's Communities Bank on Antonio Villaraigosa?

Peter Dreier | Posted 09.29.2014 | Politics
Peter Dreier

As mayor and Assembly speaker, Villaraigosa had considerable success forging compromises in the midst of controversies. So far, however, he's been invisible on this issue.

Ben Hallman

How Bank Watchdogs Killed Our Last Chance At Justice For Foreclosure Victims | Ben Hallman | Posted 04.30.2014 | Business

The results are in. The award for the sorriest chapter of the great American foreclosure crisis goes to the Independent Foreclosure Review, a billion-...

Ben Hallman

Foreclosure Settlement Still Failing 700,000 Families One Year Later | Ben Hallman | Posted 01.25.2014 | Business

One year after federal bank regulators pledged that a nearly $10 billion legal settlement would quickly deliver cash to foreclosure abuse victims, hun...

Madoff Deal Could Cost Bank Billions

Reuters | Posted 03.08.2014 | Business

Jan 5 (Reuters) - JPMorgan Chase & Co is nearing a $2 billion settlement with federal authorities to resolve suspicions that the bank ignored signs ...

Obama and Holder's "Too Big to Jail" sticks it to Main Street

Don McNay | Posted 11.26.2013 | Business
Don McNay

I've been a fierce critic of Wall Street and especially the Wall Street bailouts. If you study my writing over the years, there is one bank that get...

Feds Call For Help With Private Student Loans

The Huffington Post | Tyler Kingkade | Posted 07.29.2013 | Business

Three federal regulatory agencies are calling on banks that issue private student loans to assist struggling borrowers, as recent college graduates ac...

Foreclosure's Harvest of Shame

Joel Sucher | Posted 08.14.2013 | Business
Joel Sucher

Confronting bullies no matter what size, shape or corporate configuration should be the sworn moral duty of every citizen.

Where Has All The Info Gone, Long Time Passing

Joel Sucher | Posted 07.31.2013 | Business
Joel Sucher

With the termination of the Independent Foreclosure Reviews (IFR) via OCC caveat the question remains: What's going to happen to the so-called "work ...

Take Two: A Remedy for the Robo-Signing Remedy

Janis Bowdler | Posted 07.08.2013 | Latino Voices
Janis Bowdler

The Independent Foreclosure Review process has been an utter disappointment. More than four million families have been waiting for answers since the IFR was instituted in April 2011.

NYT: Regulatory Issues Dog JPMorgan

Dealbook | JESSICA SILVER-GREENBERG and BEN PROTESS | Posted 05.03.2013 | Business

Government investigators have found that JPMorgan Chase devised “manipulative schemes” that transformed “money-losing power plants into powerful...

OCC Ya! The Government Agency That Should Fine Itself

Adam Levin | Posted 06.19.2013 | Business
Adam Levin

Let's face it. The biggest bank regulator in the U.S. is an abject failure. Worse, it's costing us oodles of money, and not just from bounced checks.

Ben Hallman

Warren, Brown Rake Foreclosure Officials Over The Coals | Ben Hallman | Posted 04.12.2013 | Business

Two prominent Democratic senators levied a withering attack on federal bank regulators on Thursday, accusing them at a Senate hearing of putting the i...

Ben Hallman

Ally Bank's Aggressive Campaign To Avoid Paying For Housing Crisis | Ben Hallman | Posted 04.11.2013 | Business

In most respects, Sandy Christine's is the story of the foreclosure crisis in full. The Wasilla, Alaska, resident and her husband both lost their j...

Ben Hallman

Foreclosure Probe Faults Regulators For Sloppy Guidance | Ben Hallman | Posted 04.03.2013 | Business

NEW YORK -- In abruptly ending a case-by-case review of hundreds of thousands of foreclosed home loans early this year, federal regulators said the pr...

The Greatest Disappointment

Mike Lux | Posted 06.01.2013 | Politics
Mike Lux

There is a new report out once again reminding us of the greatest disappointment progressives have in the Obama administration: the lack of toughness in regards to Wall Street. Until the Obama administration fixes this problem, the rest of the economy is going to keep suffering.

OCC's Magical Mystery Foreclosure Review

Joel Sucher | Posted 05.19.2013 | Business
Joel Sucher

Quicker than you can say Office of the Comptroller of the Currency the Obama administration's promise to do justice for over four million foreclosed homeowners has evaporated into the could-have-been ether.

Ben Hallman

Mortgage Settlement Relief Fails To Reach Millions Of Foreclosed Homeowners | Ben Hallman | Posted 03.05.2013 | Business

Betsy Berry was worried she would lose her home just outside of New Orleans. Though she had never missed a payment on her mortgage, she says, Bank of ...

Banks Wrongfully Foreclosed On Over 700 Military Members

Dealbook | JESSICA SILVER-GREENBERG and BEN PROTESS | Posted 03.04.2013 | Business

The nation’s biggest banks wrongfully foreclosed on more than 700 military members during the housing crisis and seized homes from roughly two dozen...

Ben Hallman

Warren Demands Transparency On Failed Foreclosures | Ben Hallman | Posted 01.31.2013 | Business

Three influential lawmakers on Thursday called for bank regulators to disclose more details of the $8.5 billion foreclosure abuse settlement reached e...

Ben Hallman

Recent Foreclosure Settlement Was A Win For Big Banks | Ben Hallman | Posted 01.25.2013 | Business

The $8.5 billion foreclosure abuse settlement reached earlier this month with the mortgage industry was designed, bank regulators said, to speed quick...

Foreclosure Settlements: The Last Chance to Get This Right

Preeti Vissa | Posted 03.20.2013 | Politics
Preeti Vissa

I'd dearly love to stop writing about flawed efforts to help victims of wrongful foreclosures, such as the recently announced settlement with a group of major banks, but we're running out of chances to get this right.

Ben Hallman

Inside The Twisted, Doomed-From-The-Start World Of 'Independent' Foreclosure Review | Ben Hallman | Posted 01.14.2013 | Business

Last January, dozens of independent contractors showed up for their first day of work at a large, single-story Bank of America building in Tampa to ri...