
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
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
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
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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