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Consumers may not be pushing for stronger card security because they feel overly protected by the systems in use today. But they do face real costs for fraud.
July 6 -
PricewaterhouseCoopers failed to warn shareholders and the public about increased risk at Barclays. The auditor gave the British bank a clean report card on internal controls over financial reporting. We now know those controls were seriously deficient.
July 6
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The Federal Deposit Insurance Corp. announced three senior staff appointments this week, including a new examination chief and a top liaison to Congress.
July 6 -
Three California local governments may use their eminent domain powers to seize mortgages and restructure them to help distressed borrowers stay in their homes — much to the dismay of investors who hold the mortgages.
July 6 -
A recent survey by Ernst & Young shows more progress by banks to address deficiencies in their risk management practices, but growing concern for Basel III and new liquidity rules.
July 6 -
Even if we could trust megabanks to behave, there may be too much at stake to let systemically risky institutions live by self-imposed principles rather than hard and fast rules.
July 6
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Nine of the largest, most complex financial institutions recently submitted living wills, plans required by Dodd-Frank detailing how they could unwind themselves facing a failure, to regulators.
July 6
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The biggest U.S. mortgage lenders, whose first-quarter earnings were buoyed by gains on home loan refinancings, are raking in more profits as record-low interest rates and government efforts prolong the boom.
July 5 -
A VIP program run by Countrywide benefited numerous members of Congress, a handful of Capitol Hill staffers and then-HUD Secretary Alphonso Jackson, according to a report from the House Oversight Committee.
July 5 -
There are legitimate reasons to want to wind down Fannie Mae and Freddie Mac. Unfortunately, we haven't stopped talking about the specious ones.
July 5



