Foreclosure woes test the financial-regulatory overhaul

10/22/2010 | Washington Post, The

Issues related to foreclosures and their documentation will test how various financial regulators are able to coordinate and quickly respond to a crisis, according to The Washington Post. The Dodd-Frank Act created procedures for coordinating a regulatory response to such challenges. However, the Financial Stability Oversight Council, which was developed to bring together leaders of financial regulators and the Treasury Department secretary, has met only once, and that was before the foreclosure issue emerged.

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