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Daily Archives: October 5, 2009

Brennan Center for Justice: Foreclosures: A Crisis in Legal Representation

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Foreclosures: A Crisis in Legal Representation, By Melanca Clark with Maggie Barron – 10/05/09

  • “The nation’s massive foreclosure crisis is also, at its heart, a legal crisis. Many homeowners are losing their homes because they lack the ability to navigate the landscape of our lending laws. The Legal Services Corporation (“LSC”), the major federal source of funding for civil representation for the poor, reports that nonprofit legal services programs across the nation are “besieged with requests for foreclosure assistance.” Too few people are ever able to obtain qualified legal guidance.”
  • Related postings on financial system

    • SIGTARP: Emergency Capital Injections Provided to Support the Viability of Banks

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    Emergency Capital Injections Provided to Support the Viability of Bank of America, Other Major Banks, and the U.S. Financial System, October 5, 2009 Committee on Oversight and Reforms – Republican: “A report released today by the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) confirmed findings of an Oversight and… Continue Reading

    White House, National Archives and Government Printing Office Achieve Open Government Milestone

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    FDLP Listserv: “The White House, U.S. Government Printing Office (GPO) and the National Archives’ Office of the Federal Register (OFR) achieved a breakthrough in making Government information available and usable by the public. GPO converted the text of the Federal Register (2000-2009) into XML (extensible markup language) and placed it online in numerous Federal Government… Continue Reading

    Federal Reserve announces changes to procedures for evaluating asset-backed securities pledged to the Term Asset-Backed Securities Loan Facility

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    News release: “The Federal Reserve Board on Monday announced two changes to the procedures for evaluating asset-backed securities (ABS) pledged to the Term Asset-Backed Securities Loan Facility (TALF). The TALF, which was authorized by the Board on November 24, 2008, helps market participants meet the credit needs of households and businesses by lending to investors… Continue Reading

    Census – America's Families and Living Arrangements: 2007

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    America’s Families and Living Arrangements: 2007 – Population Characteristics, September 2009 – “This report presents basic trends in household and family composition and living arrangements. Previous U.S. Census Bureau reports in this series were based only on the Annual Social and Economic supplement to the Current Population Survey (CPS ASEC). With the full implementation of… Continue Reading

    FTC Publishes Final Guides Governing Endorsements, Testimonials

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    News release: “The Federal Trade Commission today announced that it has approved final revisions to the guidance it gives to advertisers on how to keep their endorsement and testimonial ads in line with the FTC Act. The notice incorporates several changes to the FTC’s Guides Concerning the Use of Endorsements and Testimonials in Advertising, which… Continue Reading

    GAO Reports: Air Force's Response on Fee-For-Service Aerial Refueling, Retirement Savings, Biofuels

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    Briefing on Air Force’s Response on Fee-For-Service Aerial Refueling, GAO-10-124R, October 05, 2009 Retirement Savings: Better Information and Sponsor Guidance Could Improve Oversight and Reduce Fees for Participants, GAO-09-641, September 04, 2009 Biofuels: Potential Effects and Challenges of Required Increases in Production and Use, GAO-09-446, August 25, 2009 Continue Reading

    Report: Is Taxpayer Money Subsidizing the “Too Big to Fail” Banks?

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    News release: “After the collapse of Lehman Brothers in 2008, Congress passed TARP, the Troubled Asset Relief Program, to prevent another “catastrophic” bank failure. Nearly a year later, the government has essentially formalized the idea that major banks are “too big to fail” (TBTF). A new report from the Center for Economic and Policy Research… Continue Reading