Office of the Comptroller of the Currency

Robo-Signing Scandal Exposes Systematic Foreclosure Fraud by Major Banks

2010-10-13 00:00:00 +0000 UTC | Importance: 8/10

Bank of America announces a nationwide halt to foreclosures after revelations that employees signed thousands of foreclosure affidavits without reviewing the underlying documents, a practice dubbed “robo-signing.” The scandal exposes systematic fraud in the foreclosure process, with …

Bank of America JPMorgan Chase Wells Fargo GMAC Mortgage Office of the Comptroller of the Currency +1 more foreclosure-fraud robo-signing housing-crisis regulatory-failure housing

OCC Preempts Georgia Fair Lending Law, Blocking State Consumer Protections

2003-01-07 00:00:00 +0000 UTC | Importance: 7/10

The Office of the Comptroller of the Currency, led by Comptroller John Hawke Jr, issues a preemption determination blocking enforcement of the Georgia Fair Lending Act against national banks, marking a turning point in federal regulators’ campaign to shield predatory lenders from state …

Office of the Comptroller of the Currency John Hawke Jr Georgia State Legislature National City Bank American Bankers Association regulatory-capture predatory-lending preemption housing-policy housing