Andrew Cuomo – News Stories About Andrew Cuomo - Page 17

Mar 4, 2008 8:20 AM CST

Fannie, Freddie OK Appraisal Deal

New code will discourage inflated appraisals for home mortgages

(Newser) - The nation’s two largest backers of home loans have reached a deal with New York Attorney General Andrew Cuomo that could help eliminate inflated mortgage appraisals, the Wall Street Journal reports. Fannie Mae and Freddie Mac have agreed to buy mortgages only from banks that follow a new code...

Marketing of Energy Drinks Under Scrutiny

Feb 21, 2008 8:56 AM CST

Marketing of Energy Drinks Under Scrutiny

Authorities wondering if beer makers are targeting kids with caffeinated booze

(Newser) - Big beer companies are facing state-led investigations into whether they're marketing caffeinated alcohol products to underage drinkers, the Wall Street Journal reports. Anheuser-Busch and Miller Brewing both make such beverages, but insist that "We responsibly market our products to legal drinking-age consumers," a Miller spokesman tells the Journal.

Investigators Ask: Did Banks Withhold Info?

Jan 12, 2008 4:35 PM CST

Investigators Ask: Did Banks Withhold Info?

Banks hid risk of bundled 'exception' loans, insiders say

(Newser) - Prosecutors are probing Wall Street banks to see if they ever revealed the risky nature of certain subprime mortgage investments, the New York Times reports. Industry experts are accusing the banks of turning high-risk loans, called exceptions, into investments without divulging details to investors and credit-rating agencies. One probe, led...

New York Latest to Investigate Intel Practices

Jan 10, 2008 2:09 PM CST

New York Latest to Investigate Intel Practices

Chip-maker's effort to squeeze competition is focus of probes

(Newser) - With proceedings already underway against Intel Corp. in Europe and Asia, New York's attorney general today began formally investigating whether the world's largest computer chip-maker has broken state and federal antitrust laws, Reuters reports. “Our investigation is focused on determining whether Intel has improperly used monopoly power to exclude...

SEC Probes WaMu Home Loans

Dec 21, 2007 4:06 AM CST

SEC Probes WaMu Home Loans

Investigators focus on charges that appraisals were inflated

(Newser) - Washington Mutual, one of America's largest mortgage lenders and the biggest savings and loan in the nation, is under investigation by the Securities and Exchange Commission, reports the Wall Street Journal. Regulators suspect some WaMu mortgages were based on inflated appraisals. WaMu, bloodied by the subprime mortgage crisis, lost $348...

Washington Takes Aim at Credit Cards

Dec 1, 2007 7:44 PM CST

Washington Takes Aim at Credit Cards

Lawmakers vow to tackle rate hikes, reform arcane fee system

(Newser) - Dem lawmakers vow to finally rein in credit card companies after years of consumer complaints, the Washington Post reports. They want lenders to scrap random rate hikes and inscrutable fees, and plan to tackle it in a hearing next week; one rep has already drawn up legislation. But industry lobbyists...

Facebook Getting Safer

Oct 17, 2007 2:33 PM CDT

Facebook Getting Safer

Networking site will work closely with New York attorney general's office

(Newser) - Facebook will roll out new protections against online predators, CNN reports, after an investigation by New York's attorney general last month blasted the site for "significant defects." The improvements include a new disclosure for parents and an easier process for reporting unwanted advances. Facebook will also appoint (and...

NY Targets Facebook Predators

Sep 25, 2007 3:49 AM CDT

NY Targets Facebook Predators

Cuomo probe uncovers sex solicitation and poor response from company

(Newser) - The online social networking site Facebook is becoming a hangout for sexual predators hunting young victims, according to an undercover investigation by New York Attorney General Andrew Cuomo. Investigators pretending to be teenagers on Facebook were repeatedly solicited by adult sexual predators, reports Computerworld. But when complaints were filed with...

NCAA Records Sought in
Payola Probe

Aug 3, 2007 5:23 AM CDT

NCAA Records Sought in Payola Probe

Student loan referrals may have netted sports program payoffs

(Newser) - New York's attorney general has demanded records of 40 NCAA athletic departments from Georgetown and UCLA to discover if students were illegally steered to a particular college loan provider for kickbacks. Several of the Division I schools have links on their websites to a company that officials suspect is offering...