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State News: California

California Attorney General Edmund G. Brown Jr. is suing Countrywide Financial, its chief executive Angelo Mozilo, and president David Sambol for mortgage deception. In California?  Report Countrywide fraud.

Legislation

California Legislative Update 2008

CRL Testimony 

The Mortgage Crisis Today: How Far Have We Come and Where Do We Need to Go?
California State Assembly Banking and Finance Committee
Paul Leonard, Director of CRL's California Office
August 4, 2008

Impact of and Reactions to Proposed Regulation Z Revisions
California State Senate Banking, Finance & Insurance Committee
Paul Leonard, California Office Director
March 5, 2008

Preserving the American Dream: Home Ownership and the Subprime Mortgage Crisis
California Senate Banking Committee
Paul A. Leonard, Director California Office
August 21, 2007

Reactions to the Subprime Mortgage Collapse
California Senate Banking Committee
Paul Leonard, Director California Office
March 26, 2007

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Last modified June 25, 2008

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Congress

The 2007 Defense Authorization Bill includes an amendment mandating a 36% rate cap on loans to service members. More >

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