Brian X. Foley's posts related to Banks

Senator Foley Hosts Second Successful Foreclosure Prevention Event

On Saturday, May 1st, State Senator Brian X. Foley (D – Blue Point) hosted a major foreclosure prevention event in Mastic Beach that helped hundreds of homeowners facing home foreclosure. The event, modeled after a similar one held last November in Central Islip, featured major lenders who conducted one-on-one conferences with homeowners and worked towards loan modifications as an alternative to foreclosures.

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The Mortgage Foreclosure Crisis

One of the issues that I began to see hitting a tipping point during the time I was running for the Senate two years ago was the mortgage foreclosure situation. In the time since then, it has shifted from reaching a tipping point to outright crisis. My office receives calls on a daily basis from individuals who are fighting to save their homes. Fortunately, we have been able to help many of these residents.

 

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Senator Foley Increases Penalty for ATM Theft

Senator Brian X. Foley (D – Blue Point) sponsored legislation (S5536-A), which passed the senate last week, that extends the crimes covered by grand larceny in the second and third degrees.

The legislation extends the charge of grand larceny in the third degree to include stealing an automated teller machine (ATM) or the contents of such a machine. It also extends the charge of grand larceny in the second degree to include stealing an ATM or its contents when the suspect has committed grand larceny in the third degree within the previous 5 years.

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Senator Foley Passes Bill to Modernize Banking Law

Senator Brian X. Foley (D – Blue Point) sponsored legislation (S7444), which passed the senate this week, that would modernize banking laws relating to unissued shares and shareholder preemptive rights.

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