Reform reading: Republicans order up watchdog reports on consumer bureau

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law. ...

Excerpts from this story referencing "Bank of America":

"… ion committees, according to Federal Election Commission data. PACs run by Bank of America, Morgan Stanley, UBS, Capital One, Credit Suisse, Wells Fargo, the America …"

No. 23 of The Subprime 25: GreenPoint Mortgage Funding Inc./Capital One Financial Corp.

Total high-interest loans 2005-2007: At least $13.1 billion

Excerpts from this story referencing "Capital One":

"… bailout money received: $3.6 billion Company overview Status: CLOSED. Capital One shut down GreenPoint in the third quarter of 2007. History: Originally a …"

"… int Financial in October 2004 for $6.3 billion in stock. In December 2006, Capital One purchased North Fork. Capital One shut down GreenPoint by the third quarte …"

"… $6.3 billion in stock. In December 2006, Capital One purchased North Fork. Capital One shut down GreenPoint by the third quarter of 2007 at an after-tax loss of …"

"… of 2007 at an after-tax loss of $1 billion. Parent/subsidiary companies: Capital One bought GreenPoint parent company North Fork Bancorp on December 1, 2006. …"

Underwriter uncovered three frauds in one loan, suit claims

By Michael Hudson

Former loan underwriter says fraudulent loans approved at subprime lender

Excerpts from this story referencing "manager":

"… teinmetz said in a lawsuit in federal court in New York.She protested to a manager, Steinmetz said, but GreenPoint funded the loan.This sort of cat-and-mouse …"

"… e nine months she worked at the branch in 2005 and 2006, her suit alleged, managers used a variety of methods to get suspicious loans approved.One manager’ …"

"… d, managers used a variety of methods to get suspicious loans approved.One manager’s frequent refrain, she said, was that she needed to approve a loan toda …"

"… ecause she’d declined one the day before: “You owe me.”An operations manager, she said, told her: “Stop looking so carefully at the appraisals — ju …"