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Rotellini coming back for another run at AG
Democrat Felecia Rotellini, who narrowly lost the attorney general’s race in 2010, is coming back for another run at the job, setting up a potential rematch with Tom Horne.
Rotellini filed a campaign committee to run for attorney general in 2014 Monday. In 2010, she lost by 3.8 percentage points to Horne, making her the most successful statewide Democratic candidate in a banner Republic[...]
CEO of failed bank named financial institutions chief
The former CEO of a failed bank that went into receivership with federal officials in December will be Arizona's next top banking regulator.
Gov. Jan Brewer on April 6 named Valley Capital Bank CEO Lauren Kingry as the next superintendent of the Arizona Department of Financial Institutions.
Financial Department would be ineffective under 15% cuts
The Department of Financial Institution has reported a 15-percent reduction in its budget this year would make it impossible to achieve its core function and render the agency ineffective. The agency regulates Arizona's banks, credit unions and mortgage lending.
Rotellini files exploratory committee for AG run
Felecia Rotellini, a former state prosecutor and recently departed superintendent of the Arizona Department of Financial Institutions, filed an exploratory committee to seek the Democratic nomination for attorney general in 2010.
Financial Institutions agency seeks self-funding
The demands placed on the Arizona Department of Financial Institutions grew rapidly with the state's booming housing market, and haven't abated much with the subsequent bust. What's more, the state's crippling budget crisis has stripped the department of some of its resources at a time when it needs them most.
UpClose with Felecia Rotellini
When Felecia Rotellini rejoined the Arizona Department of Financial Institutions in 2005, the state was in the throes of unprecedented growth.
Rotellini leaving for private sector, interim replacement named
Gov. Jan Brewer has named Thomas Wood as interim director of the Arizona Department of Financial Institutions. He replaces Felecia Rotellini, who will step down at the end of the month for a position in the private sector.
Fraudulent flipping: State agency gets extended power to battle mortgage scams
The housing bubble in Arizona became a cash cow for the unscrupulous. Up until the bubble burst in late 2008, crooked investors and people involved in writing up loan documents bilked banks and homeowners out of millions.
Are struggling community banks prepared for a new threat?
Most community banks in Arizona are losing money, lending is down, and a veteran banker concedes that every day is a challenge. It was a little too challenging for two Arizona banks, which were closed by state and federal regulators Aug. 14. A third bank is operating under federal orders to improve what were found to be “unsafe and unsound banking practices.”
Reverse mortgages: Look before you leap
As seniors see their 401K savings shrink and the value of their homes plummet, the prospect of taking out a reverse mortgage seems like an option that’s almost too good to be true.
