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Sen. Elizabeth Warren Warren acknowledged that trials are expensive but she insisted that if an agency is unwilling to go to trial it is because they are too timid or lack resources. She said that the consequence is that if large financial
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Scott Reckard Borrowers seeking a review of their foreclosures for errors committed by banks have been given an extra three months to apply for the free federal program, which may result in compensation. Federal bank regulators said in a statement
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President Barack Obama says he will nominate Thomas Curry, a federal bank regulator, to be the U.S. comptroller of the currency. Curry must be confirmed by the Senate. The Office of the Comptroller of the Currency regulates about
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Government regulators are drafting a rule that would force banks using an Obama administration program to modify mortgages to only have one point of contact with their borrower. The failure for borrowers to have a single point of contact at bank
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Corporate America would be largely spared from increased costs when seeking to hedge business risks, such as spikes in commodity prices, under U.S. regulatory proposals issued on Tuesday...Commissioner Scott O'Malia said before dissenting in the
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N.D. (AP) — Tim Karsky, who has been North Dakota's top banking regulator for a decade, said Monday he is resigning to become president of the Bismarck operations of Starion Financial, a local bank. Karsky's resignation takes
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Tim Karsky, who has been North Dakota's top banking regulator for a decade, said Monday he is resigning to become president of the Bismarck operations of Starion Financial, a local bank...The 51-year-old Karsky has been director of the state
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The agency is a unit of the Treasury Department that regulates banks focused on mortgage lending. Polakoff was removed while the department reviews findings by its inspector general about "certain actions taken by management" at the OTS, according to
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The City watchdog is planning to replace "soft-touch" banking regulation with a more intrusive approach. FSA chairman Lord Turner He raised the prospect of regulating individual mortgages and is considering rules to make firms link salaries and
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