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Last week, the Supreme Court upheld the right for state prosecutors to investigate and sue national banks for violations of the Fair Lending Laws. States can also issue search warrants for their attorneys general to review records, but did not allow them to issue executive subpoenas. The banks sued on the grounds that ...
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President Obama signed housing legislation this week to revamp a government foreclosure prevention program and bolster prosecution of mortgage fraud. The provision that would allow bankruptcy judges to modify loans had been stripped from the bill after complaints from the mortgage industry. Instead the bill focuses on significant changes ...
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