SEC Enforcement Roundup: Egan-Jones Charged; H&R Block Arm to Pay $28 Million
The SEC this week announced several enforcement actions, which included charges brought against a ratings company and its owner and president and against a mortgage company, as well as a settlement reached in an insider trading case.
No Pity Party for Big Banks
Study finds predatory lending originated in the same banks that received bailouts. At least 21 of top 25 subprime lenders received bailouts through ownership, credit agreements or purchases of loans for securitization.