Regulators reviewing foreclosure practices: Bernanke (Reuters)

U.S. banking regulators are reviewing foreclosure practices at large financial institutions and will publish a report on the issue next month, Federal Reserve Chairman Ben Bernanke said on Monday.

The Federal Reserve chairman says the review is 'seeking to determine whether systematic weaknesses are leading to improper foreclosures.'Federal Reserve Chairman Ben S.

The more people look at the abruptly-arranged settlement of the OCC/Fed foreclosure reviews, the more they realize something does not smell right. Elijah Cummings and Elizabeth Warren have started an investigation of the settlement: Today, Senator Elizabeth Warren (D-MA) and Rep. Elijah E. Cummings (D-MD) sent a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry seeking documents relating to their recent settlement with mortgage servicers that ended the Independent Foreclosure Review (IFR) process.

WASHINGTON (Reuters) - The Federal Reserve is still working out how best to supervise large financial institutions whose failure could cause domino effects across the financial system, Federal Reserve Chairman Ben Bernanke said on Friday. Bernanke, in brief introductory remarks to a conference on central banking, did not say anything about the outlook for the economy or monetary policy. ...

WASHINGTON (Reuters) - The Federal Reserve is still working out how best to supervise large financial institutions whose failure could cause domino effects across the financial system, Federal Reserve Chairman Ben Bernanke said on Friday.

CHICAGO — U.S. Federal Reserve Chairman Ben Bernanke said on Friday that the shadow banking system still posed a threat to financial stability, and funding markets might still not be able to cope with a major default. In a wide-ranging speech explaining the Fed’s role in monitoring the health of the banking system, Bernanke also laid out how the central bank was looking at asset markets closely for signs of excessive risk taking.