October 9, 2011 |
Delinquent borrowers who think they've been treated unfairly by their mortgage lenders and the companies that service their loans will soon have their day in court. Well, not court, per se. But within the next few weeks, federal regulators will announce a new complaint procedure for borrowers who think they've been unjustly harmed by errors, misrepresentations or other deficiencies in the foreclosure process. Under the process, which is being spearheaded by the Office of the Comptroller of the Currency, aggrieved borrowers whose primary residence was in any stage of the foreclosure process between January 2009 and December 2010 will be eligible to have their cases reviewed by an independent consultant.
July 7, 2011
JPMorgan Chase was ordered to pay more than $35 million to settle allegations that employees participated in a bid-rigging scheme for derivatives sold to municipalities and non-profit organizations. The Office of the Comptroller of the Currency said JPMorgan employees engaged in the scheme beginning in at least 1999 though 2005, submitting false or sham courtesy bids and communicating with direct competitors to fix prices. The OCC said the enforcement action is part of a global resolution with the U.S. Department of Justice, Internal Revenue Service, Securities and Exchange Commission, Federal Reserve Board, and about 25 state attorneys general.
March 11, 2010 |
A former top New York state official with ties to Southern California securities and investment executives pleaded guilty Wednesday to corruption charges in a still-unfolding "pay to play" scandal. David Loglisci, the chief investment officer at the New York State Comptroller's office from 2003 to 2007, admitted that he violated public trust by basing investment decisions on whether they would benefit former state Comptroller Alan Hevesi and his political advisor, Henry "Hank" Morris, New York Atty.
January 24, 2010 |
The Democratic gubernatorial primary in Illinois is a tossup between Gov. Pat Quinn and Comptroller Dan Hynes as controversy over an inmate early-release program and an imploding state budget has cut into Quinn's once-sizable advantage, a Chicago Tribune/WGN-TV poll has found. On the Republican side, three candidates also are in a close battle ahead of the Feb. 2 primary. Former state GOP Chairman Andy McKenna, former Illinois Atty. Gen. Jim Ryan and state Sen. Kirk Dillard lead the field, but none had reached 20%, according to the new poll.
September 16, 2009 |
New York City Comptroller William Thompson Jr. cruised to victory in the Democratic mayoral primary and will face billionaire incumbent Mayor Michael Bloomberg. With 62% of precincts reporting, Thompson had about 69% of the vote. Bloomberg is not registered with a political party and did not compete in a primary.
December 23, 2006 |
The state's chief financial officer, Comptroller Alan Hevesi, resigned Friday and pleaded guilty to a felony for using a state employee as his wife's chauffeur. The plea effectively ended Hevesi's 35-year political career and wrapped up an investigation by Albany County Dist. Atty. David Soares, who had been presenting evidence about Hevesi to a grand jury. Hevesi, 66, will serve no jail time. He agreed to pay a $5,000 fine and not file any appeals. He also agreed not to take office Jan.