Wave Systems Corp. (fka WAVXQ)

[mewilli66]

Will this effect the wave esign product?

WASHINGTON – President Barack Obama has rejected a bill that the White House fears could worsen the mounting problems caused by flawed or misleading documents used by banks in home foreclosures.

White House press secretary Robert Gibbs said Thursday that Obama is sending a newly passed bill back to Congress to be fixed because the current version has "unintended consequences on consumer protections." The bill would loosen the process for providing a notary's seal to documents and allow them to be done electronically.

Obama will not sign a bill that would allow foreclosure and other documents to be accepted among multiple states. Consumer advocates and state officials had argued the legislation would make it difficult for homeowners to challenge foreclosure documents prepared in other states...


Obama sends foreclosure docs bill back to Congress - Yahoo! News

http://news.yahoo.com/s/ap/20101007/ap_on_bi_ge/us_obama_foreclosures