Breaking: Obama to pocket-veto stealth foreclosure bill

President Barack Obama won’t sign into law an overlooked piece of legislation that critics say would make it easier for banks and others to process foreclosure proceedings without human signatures, a person familiar with the matter said.

Mr. Obama hasn’t yet issued a veto during his presidency. In this instance, he will send the bill back to Congress using a process known as a “pocket veto.”

His decision comes amid growing complaints from lawmakers that the administration and regulators haven’t done enough to intervene in a scandal tied to thousands of foreclosures that critics argue were processed with improper documentation.