Attorney General Eric T. Schneiderman proposed The Financial Frauds Whistleblower Act this week that would provide financial compensation to whistleblowers who voluntarily report fraud in their industry, and whose tips lead to more than $1 million in penalties or settlement proceeds.

Investigation | Eric Schneiderman, New York, bank fraud

The federal government has joined a whistleblower-initiated False Claims Act lawsuit civil filed against Bank of America for systematically misrepresenting the quality of home loans it sold to mortgage-finance firms Fannie Mae and Freddie Mac. 

FCA | mortgage, Bank of America, bank fraud, Preet Bharara