2009 August Finance, Insurance & Real Estate News: More Money for Write-Downs
The August 2009 issue of Finance, Insurance & Real Estate News, a monthly insert in Budget & Tax News, reports the Obama administration has announced it is expanding taxpayer subsidies to mortgage lenders and servicing firms to write off loans to potentially delinquent borrowers.
Also in this issue:
- Illinois Sen. Dick Durbin is spearheading congressional efforts to regulate how credit card companies charge retailers who use their services.
- The U.S. Supreme Court has agreed to hear a case challenging the constitutionality of the Public Company Accounting Oversight Board, created by the Sarbanes-Oxley Act of 2002, which has imposed huge costs on publicly traded companies.