Newsroom Headlines

  July 2, 2008 Consumer Bankruptcy Filings in First Half of 2008 Up 30 Percent from a Year Ago U.S. consumer bankruptcy filings increased 30 percent nationwide during the first six months of 2008 (Jan

  July 1, 2008 Mortgages Resets Peaking on Subprime Loans The number of homeowners facing an increase in their subprime adjustable-rate mortgage payments will peak this summer, testing the efforts of

  June 30, 2008 E.D.N.Y. Courthouse to Be Named in Honor of Conrad Duberstein In honor of former ABI Director the late Chief Judge Conrad B. Duberstein, the Senate last week approved H.R. 430 to

  June 27, 2008 Suit Claims UBS Misled Investors The top securities regulator in Massachusetts has filed a lawsuit against UBS on the grounds of fraud, saying that the firm misled clients when it sold

  June 26, 2008 Senator Stalls Housing Relief With Call for Energy Credits Sen. John Ensign (R-Nev.) yesterday blocked an ambitious plan to help troubled borrowers save their homes, saying that he

  June 25, 2008 Housing Senate Close to Approving Bill to Help U.S. Homeowners The Senate is poised to approve a huge package of housing legislation, including a refinancing program aimed at rescuing

  June 24, 2008 House Passes Bill to Allow Limited Means Test Exemption for Military Personnel H.R. 4044, a bill that would exempt military reservists called to active duty and certain others from

  June 23, 2008 House Panel to Examine Credit Card Practices Aimed at Students The House Financial Services Subcommittee on Financial Institutions and Consumer Credit will hold a hearing entitled

  June 20, 2008 Government Cracks Down on Mortgage Fraud The Justice Department announced yesterday that 406 people had been indicted since March on charges of mortgage fraud involving the sale of

  June 19, 2008 New York Chief Judge Unveils Program to Deal with Dramatic Rise in Foreclosures Chief Judge Judith S. Kaye responded yesterday to the dramatic rise in residential foreclosure filings