President Trump is reportedly considering to fill the soon-to-be-vacant Director’s office at the Consumer Financial Protection Bureau (CFPB) with Mick Mulvaney, Director of the Office of Management and Budget
A coalition of 17 Democratic State Attorneys General sent a letter to President Trump demanding the removal of Mick Mulvaney as Acting Director of the Consumer Financial Protection Bureau (CFPB).   The Attorneys General cited Mulvaney’s comments that the Agency was a agency as “a joke” that... Keep Reading....
California Attorney General Kamala D. Harris has announced the arraignment of two Sacramento men who stole more than $3.2 million from investors who were told their money was being invested in a real estate venture to buy and re-sell foreclosed homes. “These individuals fraudulently represented... more
Various official investigations have made it clear that a large majority of financial institutions engaged in fraudulent manipulation of the benchmark London Interbank Offered Rate (LIBOR) to their own advantage, and that bank management and regulators were unable to effectively monitor the... more
Preet Bharara, the United States Attorney for the Southern District of New York, has announced that Frederick Warren and Denise Parks, two loan officers, were sentenced in Manhattan federal court for their roles in a $9 million mortgage fraud scheme in which 12 people were originally charged and 11... more
Since its inception, the nation’s Low-Income Housing Tax Credit (LIHTC) Program helped produce more than 2.2 million affordable apartments, accounting for roughly one-third of all multi-family rental housing constructed between 1987 and 2006. A new report by the U.S. Department of Housing &... more