AGO News Releases With Topic: Banking

Urges homeowners to use non-profit, approved housing counselors instead SEATTLE - Attorney General Rob McKenna today reminded homeowners needing assistance to avoid companies selling “foreclosure rescue,” “securitization audits” and other home loan modification schemes. 

SHORELINE – Proving once again its commitment to helping Washington homeowners avoid foreclosure, the Attorney General’s Office today provided an additional $550,000 to provide free housing counseling to distressed homeowners.

McKenna unveils training materials to empower bank employees to protect vulnerable adults BELLEVUE – It was a story that brought new attention to a growing problem: helpless seniors preyed upon by caregivers, friends, and relatives.

OLYMPIA – The Washington Supreme Court issued a decision today in which justices unanimously agreed with the Washington Attorney General’s Office that the financial privacy provisions of the federal Gramm-Leach-Bliley Act (GLBA) don’t preempt the state Public Records Act. The ruling also clarified that information about individual mortgage borrowers is still protected as intended under federal law due to exemptions set forth under state law.

Washington’s investment fund for several public pension systems will receive $11.7 million from State Street Bank in a settlement agreement announced today by Washington State Treasurer James L. McIntire, the Washington State Investment Board (WSIB) and the Attorney General’s Office.

OLYMPIA – A group of state attorneys general and banking regulators predict a devastating acceleration of foreclosures unless policy makers step up efforts to assist homeowners. The State Foreclosure Prevention Working Group issued a report Wednesday that cited disturbing trends including a rising tide of delinquent mortgages outpacing servicer outreach and loss-mitigation efforts. The report also offered recommendations for action.

 Bipartisan group of legislators join McKenna’s call to get tough on domestic abusers, criminals who exploit children or seniors  OLYMPIA — When shocking crimes are committed by repeat offenders, members of the public often ask elected officials why they didn’t do more to keep those criminals off the streets.

OLYMPIA -- Washington Attorney General Rob McKenna is leading a group of 40 state attorneys general in urging Congress to uphold the role of the states in enforcing consumer protection laws.

OLYMPIA – The National Association of Attorneys General (NAAG), yesterday elected Washington State Attorney General Rob McKenna as its vice president. McKenna will serve in this role through next summer, when he will become president-elect of the organization. He’ll assume the role of NAAG president in 2011.

OLYMPIA – The Washington State Investment Board (WSIB) filed a lawsuit Wednesday to recover more than $100 million in losses related to its purchase of investments from Lehman Brothers Holdings, Inc.