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Office of the Comptroller of the Currency

Take Two: A Remedy for the Robo-Signing Remedy

Janis Bowdler | Posted 05.08.2013 | 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 04.19.2013 | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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 04.01.2013 | 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 03.19.2013 | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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...

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

HuffingtonPost.com | 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

HuffingtonPost.com | 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.