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‘Robo signing’ scandal kills notary bill

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Exercising a "pocket veto" for only the second time in office, President Obama Thursday rejected a bill that critics said would help banks push homes through the foreclosure process by making courts recognize notarizations made in other states.HR 3808, The Interstate Recognition of Notarizations Act of 2010, sailed through Congress before the "robo signing" scandal erupted. In a statement, the White House said the president would not sign the bill, because it is "necessary to have further deliberations about the intended and unintended impact of this bill on consumer protections, including those for mortgages, before this bill can be finalized."In another, unrelated development, the Center for Responsible Lending and civil rights groups including the NAACP and National Council of La Raza renewed their call for a national moratorium on foreclosures, citing doubts about procedures followed by lenders filing foreclosure proceedings."Until lenders demonst...