FCA denies ‘going soft’ on banks – BBC

The acting head of Britain’s main financial regulator has denied softening her stance, after her decision last month to drop a wide-ranging review into banks’ behaviour sparked concerns about political interference.

Antipathy to banks has surged since some were bailed out with public money after the 2008 credit crisis. Since then global and local scandals including the rigging of currency rates and interest rate benchmarks have led to multi-million pound fines for banks including Barclays and HSBC.

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Illinois Judge Affirms $2M Award for Wrongful Foreclosures

An Illinois district court judge affirmed a $2 million verdict against a Texas-based mortgage servicer for its collection activities against an elderly homeowner.

Alena W. Hammer filed suit in 2013 after Residential Credit Solutions filed two wrongful foreclosures, although Hammer had previously completed a loan modification with the Federal Deposit Insurance Corporation.

In April 2015, a federal jury found in Hammer’s favor on all claims of breach of contract, violations of Illinois Consumer Fraud Act and the real Estate Settlement Procedures Act.

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