Financial Regulatory Forum

Bank ‘mystery shoppers’ can help ensure adherence to abusive practice rules, expert says

By Guest Contributor
April 17, 2012

By Ted Knutson

WASHINGTON/NEW YORK, April 17 (Thomson Reuters Accelus) -┬áThe use of “mystery shoppers” and focus groups to test the compliance of bank employees has broadened beyond the traditional topic of lending discrimination to now include uncovering and avoiding violations of unfair, deceptive and abusive practice, an industry consultant said.

U.S. considers “bad bank” split of Fannie Mae, Freddie Mac – report

By Reuters Staff
August 6, 2009

WASHINGTON, Aug 5 (Reuters) – The Obama administration is considering splitting Fannie Mae and Freddie Mac and putting their troubled assets in a new federally backed corporation, The Washington Post reported on Wednesday, citing administration officials. (more…)

U.S. wants lenders to speed up mortgage aid

By Reuters Staff
July 28, 2009

U.S. Treasury Secretary Timothy Geithner WASHINGTON, July 28 (Reuters) – Senior U.S. housing officials and leading mortgage companies met on Tuesday to set explicit goals for preventing evictions and helping struggling borrowers with their home loans.