HUD knew N.J. contractor was inadequately monitored

Article Abstract:

Green Tree Financial Corp. did not sufficiently track activities of a contractor but the US Department of Housing and Urban Development (HUD), which knew about this, took no action. Newly-issued documents showed that the home-repair lender was remiss in monitoring the Pennsauken, NJ-based P. Angelo & Sons. A 1994 HUD report showed this inadequacy but the agency failed to act three-and-half years after. The contractor figured in a class-action lawsuit in a federal court in Philadelphia for using high-pressure approaches so homeowners would accede to repairs and to high-interest financing.

Comment:

Did not sufficiently track activities of a contractor but the US Department of Housing and Urban Development (HUD) did nothing

Strategy & planning, All Other Nondepository Credit Intermediation, Finance Leasing, Lease financing, Conseco Finance Corp., Article

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Agencies ask if brokers overcharged

Article Abstract:

The US government agencies across New Jersey and Pennsylvania, who are reacting to the investigation of the insurance industry by scrambling to determine if insurance brokers have overcharged them is reported. At the center of the investigation is nation's largest insurance broker Marsh & McLennan Cos. Inc.

Legal issues & crime, New Jersey, Services information, INSURANCE CARRIERS, Company legal issue, Services, Insurance industry, Investigations, Price gouging, Insurance brokers

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Insider's guide to getting city deals

Article Abstract:

Insurance executive William A. Graham IV stated that doing government business in Philadelphia has its own set of rules. Some of the things he was forced to do are on recommendation of street administration are discussed in detail.

United States, Public affairs, Ethics, Influence, Beliefs, opinions and attitudes, Politicians, Ethical aspects, Bureaucracy, Political corruption, Graham, William A.

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