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Office of the Comptroller of the Currency

Quick Fix: Recent Mortgage Settlement Still Leaves Latino Homeowners Vulnerable

Janis Bowdler | Posted 03.10.2013 | Latino Voices
Janis Bowdler

The Independent Foreclosure Review (IFR) was a terribly flawed enforcement action during which banks hired independent consultants to assess abuses and compensate the homeowner.

Eleazar David Melendez

New Foreclosure Settlement Replaces Henhouse Fox With Wolf, Advocates Say | Eleazar David Melendez | Posted 01.08.2013 | Business

For more than a year, housing advocates and their allies worried that a review of foreclosed loans managed by banking regulators was vulnerable to mor...

Ben Hallman

Independent Foreclosure Review Process Ditched Ahead Of 'Critical' Report | Ben Hallman | Posted 12.31.2012 | Business

The surprising decision by regulators to scrap a massive and expensive foreclosure review program in favor of a $10 billion settlement with 14 banks -...

Goldman Sachs and Litton Loan Servicing: A Very Uncomfortable Divorce

Joel Sucher | Posted 01.16.2013 | Business
Joel Sucher

Goldman's foray into the world of sub-prime mortgage servicing is one that company executives would like relegated to the dumpster along with the water-logged sandbags that shielded their New York HQ from the ravages of Hurricane Sandy.

Collateral Damage: The Hidden Pain of a Bank Whistleblower

Jerry Ashton | Posted 11.04.2012 | Business
Jerry Ashton

Ever wonder what happens to the friends, fortune and family of a whistleblower? Taking it all in stride and landing a better-paying job? Vacationi...

Banks' Drug Money Problem

Bloomberg View | Jonathan Weil | Posted 08.04.2012 | Business

Bloomberg View: To grow up in South Florida during the 1970s and 1980s, as I did, wasn’t your typical American childhood experience. Back then th...

Regulator Didn't Take Action On Bank's Money Laundering Problem For Years

Reuters | Posted 09.15.2012 | Business

By Carrick Mollenkamp WASHINGTON, July 16 (Reuters) - One of the top U.S. bank regulators drew stinging criticism in a...

Foreclosure Victims Get Another Underwhelming Payday

The Huffington Post | Alexander Eichler | Posted 06.22.2012 | Business

For homeowners trying to get reparations in the wake of the foreclosure crisis, it's been a hit-or-miss experience. This week, another group of Americ...

Bair: Regulators Should 'Admit They'd Made A Mistake' With JPMorgan

Reuters | Posted 08.14.2012 | Business

* Bair says doesn't like "piling on" over JPMorgan * Says loss does not threaten viability of the bank * But says it doe...

JPMorgan Executives May Have To Give Back Pay After Huge Loss

Reuters | Posted 08.05.2012 | Business

* OCC's Curry: to review compensation of unit in $2 bln loss * Says trading loss will impact earnings, but not solvency ...

The Silver Anniversary of the "Keating Five" Meeting - Speaking Truth to Power

William K. Black | Posted 06.09.2012 | Business
William K. Black

Today is the 25th anniversary of an infamous savings and loan fraud, the use of five senators to escape sanction for a massive violation of the law. I call on President Obama to recognize the hero of this by appointing financial regulator Michael Patriarca as head of the Office of the Comptroller of the Currency.

Ben Hallman

'I Don't Trust A Word They Say' | Ben Hallman | Posted 05.10.2012 | Business

Bob Hale nearly lost his Concord, Mass., home to foreclosure in 2010 as a result of what he claims were bank errors. That would make him a prime ca...

Bank Regulators Using Mortgage Deal To Levy Their Own Fines

Reuters | Posted 04.10.2012 | Business

* Fed penalties are part of April foreclosure agreement * Penalties are included in federal-state deal with banks * OCC ...

Loren Berlin

Government's 'Good News' For Defrauded Homeowners Questioned | Loren Berlin | Posted 01.04.2012 | Business

"If you faced foreclosure in 2009 or 2010, the government may have good news for you," reads new advertisements released by the federal government on ...

WATCH: Reporter Finds Himself Victim Of Foreclosure Fraud He's Investigating

The Huffington Post | Harry Bradford | Posted 11.29.2011 | Business

Improper foreclosure practices are so widespread in Las Vegas that one reporter trying to expose them instead found he too was a victim of foreclosure...

Occupy Wall Street Needs Voice From Main Street

David Paul | Posted 12.09.2011 | Business
David Paul

So far, one group has been fairly quiet, if the point is to address the undue political clout and financial power -- to say nothing of economic risk -- now manifest in our leading banks. It is the voice of the American banker.

Seriously Delinquent Mortgages Again On The Rise

Posted 11.29.2011 | Business

WASHINGTON - Borrowers are making their mortgage payments on time more frequently compared to a year ago, but delinquency rates remain elevated as...

Fed Will Provide Banks With Guidance If Country Defaults

Posted 09.27.2011 | Business

(Mark Felsenthal) - The Federal Reserve plans to provide guidance to banks soon on how to handle the potentially turbulent financial waters if the...

JPMorgan Pays $228 Million To Settle Bid-Rigging Charges

Posted 09.06.2011 | Business

(AP) WASHINGTON -- A JPMorgan unit is paying $228 million to settle civil fraud charges that it rigged dozens of bidding competitions to win business ...

Regulators Warns Banks Of 'Effective And Malicious' Hacker Attacks

Posted 08.28.2011 | Business

WASHINGTON - Bank regulators warned banks to be on guard against increasingly clever computer hacking on Tuesday, indicating heightened alert agai...

More Examiners Will Now Work At Companies They Regulate

Wall Street Journal | AARON LUCCHETTI | Posted 08.20.2011 | Business

As part of a push to prevent another financial crisis, the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency are incr...

Obama Announces Pick For FDIC Chairman

AP | By DARLENE SUPERVILLE | Posted 08.10.2011 | Business

WASHINGTON -- President Barack Obama said Friday that he will nominate Martin J. Gruenberg to become chairman of the Federal Deposit Insurance Corp. ...

Simon Johnson: When Regulators Side With The Regulated

The New York Times | Simon Johnson | Posted 07.19.2011 | Business

The Office of the Comptroller of the Currency is one the most important bank regulators in the United States — an independent agency within the Trea...

GOP Congressman vs. Elizabeth Warren

The Baseline Scenario | Simon Johnson | Posted 05.30.2011 | Politics

By Simon Johnson The Baseline Scenario Representative Spencer Bachus, Republican chair of the House Financial Services Committee, famously remarke...

Why Republicans Hate Warren's CFPB But Love Another Bank Regulator

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

What's really at issue in the fight over the CFPB is not how the agency is structured or how much power it will have, but whose interests it serves.