The gods of irony must be alive and well at American Banker. It's hard to think of a better explanation for the tirade against "deadbeats" from Providian founder Andrew Kahr.
In the current environment confusion has sometimes ensued over who is the proper party to commence the foreclosure - or at least over a bank's ability to prove its authority.
You would think that the periods in which folks may be getting a little more money in their paychecks would be times of smiles and high-fives. That's too often not the case.
Women expect you to walk the talk. If you say, "we care about and believe in women," yet all of your management is men, then, Houston, you have a problem.
The message from the banking industry to those lacking excellent credit is that they're welcome to deposit money, usually without interest and subject to fees - but not to borrow it unsecured.
With the CFPB looking broadly at third-party relationships, lenders need to know the qualifications of anyone handling an account for them. Giving carte blanche to middlemen to hire car repossession agents may no longer be an option.
Particularly vexing is one bank's requirement that cardholders sign up for a payment protection service before receiving materials describing it. Hawaii deserves praise for protecting residents from these questionable practices.
The GSE could have approved a short sale that would have let Louise Davidson stay in her home as a renter and eventually have the opportunity to buy it back. True to form, Fannie evicted her instead.
March marked a 4-year low in new foreclosures, with actions increasing in judicial states, but declining in non-judicial ones. In the aftermath of the AG settlement this result seems counterintuitive
