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Zach Carter

Jeff Merkley Wants You To Know He Stood Up To Wall Street

HuffingtonPost.com | Zach Carter | Posted 01.25.2014 | Politics

WASHINGTON -- Sen. Jeff Merkley (D-Ore.) told HuffPost that he sees the finalization of regulation that banned Wall Street speculation with taxpayer m...

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 ...

Ghosts of Enron

Mike Lux | Posted 07.03.2013 | Politics
Mike Lux

The ghosts of the Enron Corporation are haunting us still, and they are a lot scarier than any horror movie ghosts because, unlike the Hollywood variety, these ghosts still have enough substance to cause an economic nightmare.

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.

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.

Who's Behind the Latest Bank Giveaway?

Adam Levin | Posted 03.26.2013 | Business
Adam Levin

After raising hopes that some defrauded homeowners may finally see justice, the agency's bungled investigation and rushed settlement only managed to twist the knife deeper. Simply put, it's a travesty and still, no one goes to jail.

Congress Sticks Its Nose Into Major Mortgage Settlement

Reuters | Posted 03.08.2013 | Business

WASHINGTON, Jan 5 (Reuters) - A U.S. congressional oversight panel asked regulators to delay a multibillion dollar mortgage settlement with 14 large...

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...

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 Makeup Show NYC: Behind the Beauty

Karim Orange | Posted 05.30.2012 | Style
Karim Orange

The Makeup Show New York 2012 presented by the Powder Group was like a real life "Alice In Wonderland" adventure for me. The experience bought me back to a simpler day when it was just about the love and passion for make-up.

Ben Hallman

'I Don't Trust A Word They Say'

HuffingtonPost.com | 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...

Loren Berlin

Government's 'Good News' For Defrauded Homeowners Questioned

HuffingtonPost.com | 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 ...

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.

Zach Carter

Top Republican On Elizabeth Warren's Consumer Bureau: 'I Don't Like Them'

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- Congressional Republicans have insisted that their proposals to force the new Consumer Financial Protection Bureau to fight for legislat...

Zach Carter

Lawmakers Pushing Back Against Banks' Foreclosure-Settlement Complaints

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- As bank executives push back against the terms of a foreclosure settlement with fees that may be as high as $20 billion, progressive leg...

Shahien Nasiripour

Megabank Warns It May Be Punished Over Foreclosure Practices

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

UPDATE 7:00 PM: U.S. Bancorp, the nation's 10th-biggest lender by assets, also warned investors of impending penalties, its annual report shows. The...

Shahien Nasiripour

Multi-Billion Dollar Mortgage Settlement Jeopardized?

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The Obama administration is seeking to broker a deal that would have the nation's largest mortgage lenders agree to pay as much as $30 billion in fine...

Mortgage Settlement Talks Plagued By Infighting Between Regulators, Prosecutors

Posted 05.25.2011 | Business

CHARLOTTE, N.C./WASHINGTON (By Joe Rauch and Dave Clarke) - U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are ...

Shahien Nasiripour

A QUICK FIX: Bank Regulator's Easy Solution May Hurt Homeowners

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The federal bank regulator overseeing the nation's largest lenders is pushing for a quick and modest settlement to the months-long federal and state p...

Zach Carter

Fed Official Calls For Major Foreclosure Reforms

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- A top federal regulator told bankers on Friday that a major investigation into Wall Street's foreclosure system has revealed a "broken" ...

Zach Carter

Key Senator Urges Obama To Push Foreclosure Relief

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON -- Sen. Jeff Merkley (D-Ore.) is urging President Barack Obama to pledge a new round of foreclosure relief during his State of the Union ad...

Shahien Nasiripour

Citigroup Was On The Verge Of Failure, New Report Finds; Rescue Was Based On 'Gut Instinct'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Citigroup, the nation's third-largest bank by assets, was on the verge of being closed by regulators the week of Nov. 24, 2008 as depositors rapidly w...

Regulator Orders HSBC to Stop Financing High-Cost Tax Time Loans

Dory Rand | Posted 05.25.2011 | Business
Dory Rand

While increased regulatory scrutiny is needed in the short term, we look forward to the RAL product's obsolescence.

Zach Carter

Fed CAVES On Foreclosure Regulations

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON -- The Federal Reserve has reversed its opposition to new rules reining in foreclosure abuses, and will support stronger regulations on the...