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Loan Modification

: Loan Modification & Home Loan News

FDIC Sets 50 Failed Bank Probes for Fraud

By Moe Bedard

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The Federal Deposit Insurance Corp. is conducting about 50 criminal investigations of former executives, directors and employees at U.S. banks that have failed since the start of the financial crisis. The agency responsible for dealing with bank failures is stepping up its effort to punish alleged recklessness, fraud and other criminal behavior, as U.S. officials [...]

Full post as published by Loan Modification & Home Loan News on November 17, 2010 (boomark / email).

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