A New Jersey defense attorney has been named the central figure in a 14-count indictment with three others who are accused of racketeering, murder and $1.1 million in mortgage fraud.
In 2009, approximately 1,311 regulatory orders were issued against banks, credit unions and thrifts, according to the Fourth-Quarter 2009 Regulatory Actions report from MortgageDaily.com.
The activity reflects actions by the Federal Deposit Insurance Corporation, Federal Reserve, National Credit Union Administration, Office of the Comptroller of the Currency and Office of Thrift Supervision.
The number of actions last year more than doubled from only 587 orders and actions in 2008.