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OCC Review Whistleblower

posted by Alan White
Adam Levitin predicted here that the "independent" review of banks' foreclosure files ordered by the OCC in the wake of the robosigning scandals would be a sham, based among other things on the adverts to hire the reviewers.  Now, one apparently overqualified reviewer has told his story at Naked Capitalism, and it is worse than Adam predicted.  The banks are actively and successfully suppressing efforts  by reviewers to identify foreclosure errors and abuses and to identify and compensate victims.  Perhaps this could be the subject of a hearing for the newly constituted Senate Banking Committee...

January 5, 2013 at 7:55 AM in Credit Policy & Regulation, Financial Institutions, Medical Debt

Comments

As always "Why aren't the bastards in jail?"

Posted by: Martin Cohen | January 05, 2013 at 07:40 PM

Not if Daniel Fisher of Forbes Magazine has his way:

Finding Little Evidence Of Foreclosure Fraud, Feds Give Up

http://www.forbes.com/sites/danielfisher/2013/01/08/finding-little-evidence-of-foreclosure-fraud-feds-give-up/

Posted by: HypoxicChick | January 08, 2013 at 10:25 AM

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  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, visit http://listserv.uiuc.edu/archives/bankr-l.html and click on the link for "Join or leave the list." After completing the information there, please also send an e-mail to Professor Lawless (rlawless@illinois.edu) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.

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