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Tag : Treasury Department

  1. July 16, 2009, 4:21 pm

    FINANCE: More Mortgage Fraud Reporting?

    Nonbank mortgage lenders would have to file reports of suspected fraud for the first time, under a new proposal issued Wednesday by the Financial Crimes Enforcement Network, or FinCEN, an arm of the Treasury Department. Read more

  2. July 10, 2009, 9:57 am

    FINANCE: Mortgage Fraud Reports Rise, But Some Fraud May Still Be Undetected

    Reports of suspected mortgage fraud — fueled by the current economic crisis — are up in 2008, according to two new reports by the FBI and the Financial Crimes Enforcement Network, or FinCEN, an arm of the Treasury Department. Read more

  3. April 16, 2009, 9:00 am

    ACCOUNTABILITY: Despite New FOIA Rules, Old Staff Cuts May Delay Requests

    Since President Obama reversed former Attorney General John Ashcroft’s denial-prone directive on Freedom of Information Act (FOIA) requests this year, open government advocates have had plenty to cheer about. But one legacy of the Bush administration may take more time to undo: massive cuts in many executive departments among staff responsible for handling FOIA requests. Read more

  4. March 30, 2009, 8:00 am

    FINANCE: Obama Top Recipient of AIG’s Hefty Campaign Contributions

    The American International Group, more commonly known as AIG, has become the poster child for the financial bailout. The company has received $170 billion from the Treasury Department and Federal Reserve since September 2008, and recently landed in a world of hurt when it was revealed that some $165 million of that money was given as bonuses to its employees — many of whom worked in the insurance giant’s financial arm. Read more

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