Loan Mods Not Working As Hoped
A good report from Alan Zibel at the Associated Press on progress -- or lack of it -- in the Obama loan modification program.
Read more...CFA's Travis Plunkett on Al Jazeera
Check out CFA's Legislative Director Travis Plunkett on Al Jazeera discussing consumer financial protection.
Read more...Fed Regulation of Banks Fell Short, Washington Post Suggests
As the Senate considers Fed Chairman Ben Bernanke's renomination for another 4-year term, the Washington Post has published a thorough review of all the signals the Fed missed in the run up to the mortgage crisis. Will a chastened Federal Reserve learn from its lessons, or does this sad history argue for a different regulatory overseer, and possibly a different Chairman?
Read more...Schumer slams bank fees
As banks continue charging consumers high fees for ATM's and other credit uses, NY Sen Chuck Schumer (D-NY) calls them out.
Read more...Fannie, Freddie Long Term Federal Wards?
The New York Times reported in a story on December 17, 2009 that Fannie, Freddie, GMAC and AIG may be settling in for a long stay under the U.S. Government's protection.
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