Foreclosure victims get new help from feds

Victims of wrongful foreclosures are finally getting a way to fight back. A year and a half after it was first announced, enforcement action is finally being taken against the 14 largest mortgage servicers in the country.

The Office of the Comptroller of the Currency (OCC) announced yesterday the beginning of the Independent Foreclosure Review; the OCC and the Federal Reserve had called for the review to start back in April 2010. This review, conducted by an independent agency, gives homeowners the opportunity to request a review of how the lender conducted the foreclosure of their primary residence.

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20 million Americans will get Broadband Access

Federal Communications Commission Chairman Julius Genachowski on Thursday succeeded where his predecessors failed in taking on the telecom industry’s 800-pound gorilla: an $8 billion telephone subsidy program written in the dial-up era.

Genachowski said the reforms will extend broadband to nearly 20 million Americans who currently don’t have access. In addition, consumers will benefit from savings of at least $2 billion now that hidden subsidies on their phone bills will be phased out. The FCC order also establishes the first “Mobility Fund” that will funnel more than $1 billion over several years to building out wireless networks in rural regions. 

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How a 22year old and Change.org took down B of A

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Bottles To Bridges: Making Infrastructure From Recycled Plastic

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