You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Currency Chief: Banks, Firms Misleading on Mortgage Crisis

HeadlineJun 13, 2008

The news comes as the nation’s top banking regulator is accusing banks and mortgage firms of providing misleading information on loans and foreclosures stemming from the subprime mortgage crisis. John Dugan, the Comptroller of the Currency, says the financial industry has failed to provide accurate information on who they are helping and the rates of foreclosure. Dugan says the information is crucial to determining the severity of the housing crisis and the effectiveness of the response.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top