Newsroom Headlines

  July 17, 2008 FBI Probing IndyMac for Possible Fraud Failed bank IndyMac is under investigation by the FBI for possible fraud involving its mortgage lending, Reuters reported yeterday. U.S. banking

  July 16, 2008 Countrywide Settles Lending Suit in Pennsylvania Countrywide Home Loans has agreed to pay $325,000 to the chapter 13 bankruptcy trustee in Pittsburgh, settling a matter that accused

  July 15, 2008 Congressional Leaders to Act on Housing-Assistance Bill with Treasury Plan Congressional leaders pledged yesterday to move quickly to pass a housing-recovery bill with a proposal to

  July 14, 2008 Treasury Acts to Shore Up Fannie Mae and Freddie Mac Alarmed by the sharply eroding confidence in the nation's two largest mortgage finance companies, the Bush administration yesterday

  July 11, 2008 Housing-Rescue Bill Advances in Senate The Senate moved ahead with a housing-rescue bill yesterday with Senators voting 84-12 to limit debate on the measure and set up a vote on the

  July 10, 2008 House Financial Services Committee to Examine Changes to Financial Regulatory Structure The House Financial Services Committee will begin a series of hearings starting today on the

  July 9, 2008 SEC Study Finds Flawed Practices at Credit-Rating Firms The Securities and Exchange Commission issued a report yesterday revealing how major credit-ratings firms, including Fitch, Moody

  July 8, 2008 Fed, SEC Team Up on Bank Oversight Leaders of the Federal Reserve and the Securities and Exchange Commission signed a memorandum of understanding to build a new system to guard against

  July 7, 2008 Credit Card Regulation Overhauls Seem Likely The proposals for banks and other general-use credit card issuers are gaining traction from both the regulatory and legislative realms, the

  July 3, 2008 Report: Overdue Home-Equity Credit Lines Rise Most Since 1987 The American Bankers Association reported yesterday that consumers fell behind on loans secured by their homes at the