• Abusive Lending and Mortgage Packaging Services Targeted in State of the Union
  • February 2, 2012 | Authors: Michael L. Brown; Craig Carpenito; Frank A. Hirsch
  • Law Firms: Alston & Bird LLP - Atlanta Office ; Alston & Bird LLP - New York Office ; Alston & Bird LLP - Durham Office
  • In his January 24, 2012, State of the Union address, President Barack Obama announced the creation of a new law enforcement task force targeting financial crimes. Specifically, President Obama tasked Attorney General Eric Holder Jr. with creating a special group of federal and state prosecutors to expand investigations into the “abusive lending and packaging of risky mortgages that led to the housing crisis.”