SEC Adopts Rules to Establish Whistleblower Program

Washington, D.C., May 25, 2011 – The Securities and Exchange Commission today adopted rules to create a whistleblower program that rewards individuals who provide the agency with high-quality tips that lead to successful enforcement actions. Additional Materials Final Rule The new SEC whistleblower program, implemented under Section 922 of the Dodd-Frank Act, is primarily intended … Read more

KABOOM | Illinois Attorney General MADIGAN ISSUES SUBPOENAS Against Lender Processing Services (LPS) & Nationwide Title Clearing (NTC)

MADIGAN ISSUES SUBPOENAS; WIDENS ‘ROBOSIGNING’ PROBE Chicago — Attorney General Lisa Madigan today expanded her investigation into “robosigning” practices, issuing subpoenas against two national mortgage servicing support providers. The subpoenas are the latest effort in Madigan’s ongoing probe into the fraudulent practices used by banks and other mortgage institutions that contributed to the collapse of … Read more

Letter to AG Martha Coakley | Bristol County Board of Commissioners: MERS Cost Registries MILLIONS of Dollars

Bristol County Board of Commissioners: MERS Cost Registries MILLIONS of Dollars Taunton — The Bristol County Board of Commissioners sent a letter to Attorney General Martha Coakley on Tuesday concerning the “deceptive practices” of a mortgage process streamlining corporation, which it says cost county registries millions of dollars in the last decade. The commissioners say … Read more

LIAR! | Decorum Breaks Down at House Hearing (Video)

Elizabeth Warren Called a Liar On Tuesday, May 24th 2011, during a hearing in a House Oversight and Government Reform subcommittee, Chairman Patrick McHenry (NC-10) ended the hearing by calling Elizabeth Warren a liar. It was a messy and confusing ending for all watching. Warren had stated that the Chairman’s staff and her, after a … Read more

REVIEW | In HBO’s ‘Too Big to Fail,’ the Heroes Are Really Zeroes

In HBO’s ‘Too Big to Fail,’ the Heroes Are Really Zeroes HBO’s “Too Big To Fail”—I just caught up with it last night; thank you, HBO On Demand—is extraordinarily revealing about the financial crisis. Only its revelations are almost entirely inadvertent. The movie is set up in the Hollywood conventional way: A gang of misfits, … Read more

KABOOM | Attorney General Kamala D. Harris Subpoenas Lender Processing Services (LPS) in Wide-Ranging Probe of Mortgage and Fraudclosure Practices

  State of California Department of  Justice Press Release May 25, 2011 For Immediate Release Contact: (415) 703-5837 Print Version Attorney General Kamala D. Harris Subpoenas Loan Processor LPS in Wide-Ranging Probe of Mortgage and Foreclosure Practices LOS ANGELES – Attorney General Kamala D. Harris today announced she has subpoenaed Lender Processing Services, Inc. (LPS), as part … Read more