Join us for a Community Bank Advisory Council meeting with Director Cordray where we will discuss credit scores and credit reporting and implications for community banks. The meeting will take place on Wednesday, April 22 from 3:00 to 4:30 p.m. The meeting will be held at: Consumer Financial Protection Bureau 1275 First Street, N.E. Washington, [...]
A measure of consumer credit defaults released Thursday by S&P Dow Jones and Experian shows a downward trend. Collection & Credit Risk
In an interview, FHFA Director Mel Watt said there needs to be greater clarity to ensure some entities aren't taking improper advantage of Federal Home Loan Bank membership. News
Bank of America has reportedly laid off another 250 mortgage employees in Charlotte. Collection & Credit Risk
WASHINGTON — More than two dozen Senate lawmakers signed a letter this week that urges the Federal Housing Finance Agency to drop its proposal to tighten Federal Home Loan Bank membership rules. News
As the Seattle and Des Moines Home Loan banks inch closer to the first successful voluntary merger in the system's history, observers are beginning to ask which institution will try next. News
WASHINGTON — Dean Schultz, the long-time head of the Federal Home Loan Bank of San Francisco, is planning to retire next spring once his successor has been appointed, the bank said Friday. News
A federal court on Thursday halted a telemarketing scheme that duped senior citizens by pretending to be part of Medicare and took millions of dollars from consumers' bank accounts without consent. Collection & Credit Risk
Join us for a Community Bank Advisory Council meeting with Director Cordray where we will discuss mortgages and overdrafts. The meeting will take place on Wednesday, October 15 from 3:30 to 5:30 p.m. The meeting will be held at: Consumer Financial Protection Bureau 1275 First Street, NE Washington, D.C. 20002 This event is open to [...]
Last year, together with the Department of Justice, we filed a complaint against National City Bank (National City) for discriminating in mortgage loan pricing. The complaint alleged that National City charged African-American and Hispanic borrowers higher prices on their mortgage loans than similarly-situated white borrowers between 2002 and 2008. The parties agreed on a settlement, [...]
