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Attorney General Eric Holder must send a message to Wall Street, one attorney told CNBC.
Discussing Attorney General Eric Holder's aggressive rhetoric on mortgage fraud, with former FTC prosecutor Jake Zamansky, and CNBC's Kate Kelly.
Former FTC prosecutor Jake Zamansky, addresses shattered investor confidence since the financial crisis in 2008.
Attorney General Eric Holder is intensifying the language surrounding mortgage fraud settlements. CNBC's Kate Kelly has the details.
CNBC's Kate Kelly reports U.S. Attorney General Eric Holder pushed back against criticism today regarding criminal convictions of individuals for fraud committed during the financial crisis.
In a speech before New York University School of Law, Holder made some of his most extensive comments yet on how the department might better prosecute white-collar crime, proposing larger rewards for Wall Street whistleblowers and more FBI agents with forensic accounting expertise.
WASHINGTON, Sept 17- Wall Street whistleblowers who provide U.S. prosecutors with evidence of financial fraud should get larger rewards for their efforts, U.S. Attorney General Eric Holder plans to say in a speech on Wednesday, according to a Justice Department official.
Attorney General Eric Holder will call for an increase to whistleblower payments, reports CNBC's Eamon Javers.
President Barack Obama has decided to delay any executive action on immigration until after the November congressional elections.
Tony West, a senior U.S. Justice Department official who oversaw investigations into bank mortgage practices, is leaving.
WASHINGTON, Aug 21- Bank of America Corp has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. Bank of America said the accord is expected to reduce third-quarter earnings by about $5.3 billion before taxes, or about 43 cents per share after taxes.
Bank of America directors are supportive of its proposed $16 billion to $17 billion mortgage-securities settlement, according to someone familiar with the matter.
Aug 6- Bank of America Corp is close to a deal with the U.S. Department of Justice to pay more than $16.5 billion to end investigations into mortgage securities that the bank and companies it bought sold in the run-up to the financial crisis, a person familiar with the matter said on Wednesday.
Bank of America and the Justice Department are closing in on a deal to settle mortgage probes that could reach as much as $17 billion.
SunTrust will pay as much as $320 million to resolve a criminal probe into its mortgage unit's mismanagement of a federal program.
Bank of America has asked the U.S. Attorney General to meet with its chief executive officer in an attempt to resolve differences over a mortgage settlement.
Sallie Mae has reached a $60 million settlement with the government to resolve allegations that it overcharged military service members.
Attorney General Eric Holder discusses the Department of Justice's belief that no company, no matter how big, is above the law, including the big banks. "No individual or company," he says, "is above the law.
CNBC's Eamon Javes reports Attorney General Eric Holder has posted a video message on the DOJ's website stating there is no such thing as too big to jail.
One cybersecurity expert says the more technologically "plugged in" you are, the more vulnerable you are to identity theft. CNBC's Scott Cohn has the story.