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Inside Washington (01/24/2008)
* WASHINGTON (1/25/08)--Mortgage fraud drove a 15% increase in suspicious activity reports (SARs) last year, observers said. The Financial Crimes Enforcement Network (FinCEN) is scheduled to release a report showing that 650,000 reports were filed in 2007, compared with 567,000 in 2006 (American Banker Jan. 24). About 46,700 filings were related to mortgages in the fiscal year ending Sept. 30, according to the Federal Bureau of Investigation. The FBI also estimated that about 15,000 SARs related to mortgage fraud have already been filed this year ... * WASHINGTON (1/25/08)--Comptroller of the Currency John Dugan announced Wednesday he has named agency veteran Tim Long to serve as senior deputy comptroller for Bank Supervision Policy. Jennifer Kelly will succeed Long as senior deputy comptroller for Mid-Size and Community Bank Supervision. Long also will serve as chief national bank examiner and as chairman of the Committee on Bank Supervision. Long succeeds Wayne Rushton, who will retire in April. Long joined the OCC in 1979 ...


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