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Investigator: No sign progressives mistreated
WASHINGTON — The Treasury Department watchdog who detailed Internal Revenue Service mistreatment of tea party groups seeking tax-exempt status says he has no evidence the IRS also mishandled progressive groups’ applications. In a letter obtained Thursday by The Associated Press, the inspector general for tax administration, J. Russell George, acknowledged that the term “Progressives” appea[...]
Treasury changes Fannie, Freddie deal
WASHINGTON — The government is changing the terms of its bailout agreement with Fannie Mae and Freddie Mac in a way that will shrink the holdings of the two mortgage giants more quickly and will require payment to the government of all quarterly profits the companies earn. The Treasury Department announced the changes Friday in […]
JPMorgan, BofA take heat for foreclosure program
WASHINGTON, D.C. — Two of the nation’s largest mortgage lenders are not doing enough to help Americans avoid foreclosure, the Obama administration said Thursday. The Treasury Department said that Bank of America and JPMorgan Chase & Co.
Genesee Regional Bank gets fed funds
Genesee Regional Bank is one of 20 community banks across the country to receive part of $253 million in capital through the Treasury Department’s Small Business Lending Fund. Through GRB’s holding company, Greater Rochester Bancorp Inc. ...
Gov’t faults 3 lenders over mortgage-aid efforts
WASHINGTON — The Obama administration is blaming the three largest U.S. mortgage lenders for the failures of its foreclosure-prevention program. It says they've done little to help people at risk of losing their homes.
Anti-foreclosure program needs work, report says
WASHINGTON, D.C. — The Obama administration’s central foreclosure-prevention effort won’t reach its original goals and the government should come up with clear, measurable objectives for the two-year-old program, according to a new report from a congressional watchdog.
Stock sales help offset bailout losses
WASHINGTON, D.C. — Stock sales are helping the government offset projected losses from its $700 billion rescue of the financial system. The Treasury Department has brought in $35 billion ...
Rates mixed at Monday’s Treasury auction
WASHINGTON, D.C. — Interest rates on short-term Treasury bills were mixed in Monday’s auction with three-month rates unchanged while six-month bills rose to the highest point in two weeks.
Treasury cuts bailout price tag to $50 billion
WASHINGTON, D.C. — The $700 billion financial bailout will cost about $50 billion, the Treasury Department said Tuesday. The price tag was included in a report ...
Treasury announces sale of Citigroup shares
WASHINGTON, D.C. — The government said Wednesday it is starting to sell $2.2 billion in trust preferred shares that it holds in Citigroup, another move to recoup the costs incurred in the $700 billion financial bailout.
Gov’t to expand money transfer rules
WASHINGTON, D.C. — The Obama administration is proposing that banks report all electronic money transfers in and out of the country, expanding its anti-terrorism requirements for financial institutions.
Nearly 50 percent leave mortgage-aid program
WASHINGTON, D.C. — Nearly half of the homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out. A new report issued Friday by the Treasury Department ...
Case Digests
- NYS Advisory Committee on Judicial Ethics – Attorney misconduct: Opinion 22-164
- NYS Advisory Committee on Judicial Ethics – Independently written bench book: Opinion 22-163
- Fourth Department – Suppression: People v. Saeli
- Second Circuit – RICO: Horn v. Medical Marijuana Inc.
- NYS Advisory Committee on Judicial Ethics – Uncompensated interview: Opinion 22-159
- NYS Advisory Committee on Judicial Ethics – Uncompensated guest speaker: Opinion 22-158
- Fourth Department – Negligent performance: Rosenthal v. Syracuse University, et al.
- Second Circuit – Visual Artists Rights Act: Kerson v. Vermont Law School Inc.
- NYS Advisory Committee on Judicial Ethics – Former foreclosure referee: Opinion 22-157
- NYS Advisory Committee on Judicial Ethics – College honorarium: Opinion 22-156
- Second Circuit – Reasonable accommodation: Tafolla v. Heilig
- Fourth Department – Labor Law: Primisch v. Peroxychem LLC
Law News
- Appeals court upholds Supreme Court ruling
- Assistant district attorney appointed City Court judge by Rochester mayor
- Murder conviction affirmed despite trial judge error
- NY appeals court upholds conviction in burglary case
- Federal lawsuit reinstated against jail officer over strip search, delayed release
- Hyzon to pay $25M penalty to settle alleged fraud charges by SEC
- NY appeals court reinstates lawsuit over contract to remove snow
- Fourth Department affirms $400K judgment in contract dispute
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