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Last November, the Congressional Oversight Panel, a federal watchdog created to keep tabs on the bailout, said widespread paperwork problems involving mortgage securities could cause the largest U.S. banks to swallow unknown billions in losses, threatening the stability of the financial system.
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The agreement came during a national outcry over potentially widespread foreclosure abuses like shoddy paperwork, erroneous fees and wrongful evictions.
There is little doubt that widespread computerization could greatly reduce the paperwork burden on doctors and hospitals, head off medication errors, and reduce the costly repetition of diagnostic tests as patients move from one doctor to another.
State and federal investigations into foreclosure practices found widespread examples of hasty foreclosures, forged signatures and lost paperwork among the companies that collected mortgage payments and monitored homeowner compliance.
Problems in ensuring borrowers' paperwork is processed by their annual deadlines are widespread.
The backlog problem has been exacerbated by a widespread practice known as robo-signing, where mortgage lenders approve paperwork without checking it thoroughly or, in some cases, without reading it at all.
A17 The I.N.S. mishandled paperwork relating to some Sept. 11 hijackers partly because of "a widespread failure by many individuals" in the agency, a Justice Department inquiry said.
The Immigration and Naturalization Service mishandled paperwork pertaining to some of the Sept. 11 hijackers partly because of "a widespread failure by many individuals" in the agency, a Justice Department inquiry concluded today.
The complaint, which came after a 14-month inquiry, contends that L.P.S. deceived consumers by committing widespread document execution fraud, misrepresenting its fees and making deceptive statements about its efforts to correct paperwork.
Threats of a widespread boycott of Japanese imports have so far failed to materialise, although Japanese firms are reporting delays in processing paperwork for goods at Chinese ports.
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CEO of Professional Science Editing for Scientists @ prosciediting.com