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Top Cuomo aide considered for fed job

Dec 19, 2011 12:03 am
Crain's New York reports that Steve Cohen, a former top aide to Governor Andrew Cuomo, is being considered for a new post that will ensure that banks comply with any settlement of a nationwide foreclosure probe. The monitor would ensure compliance with any agreement with mortgage servicers, according to a settlement the banks were offered in March. Cohen was Cuomo's Secretary, and his Chief-of Staff when he was the state's Attorney General. He officially "departed" government service in June, and returned to private practice, accoridng to New York World. According to the proposal, the job will come with the authority to review records and audit a servicer's performance. JP Morgan, Bank of America, Citigroup Inc., Ally Financial Inc. and Wells Fargo & Co. are among the negotiating banks that will be bound by the settlement. Read the full story in Crain's New York.