FHA revises loss mitigation options for hurricane victims
The new policy, meant to assist borrowers in Puerto Rico and the U.S. Virgin Islands, will let servicers evaluate borrowers using pre-disaster payment information. ... Read full article
The new policy, meant to assist borrowers in Puerto Rico and the U.S. Virgin Islands, will let servicers evaluate borrowers using pre-disaster payment information. ... Read full article
BBVA Compass said on Wednesday that it was partnering with the broker-dealer Brean Capital to offer a variety of capital and investment banking services for community banks and correspondent banks. ... Read full article
Domestic card growth has not lived up to the bank’s expectations, even after its Costco coup. So it is making changes here to get product development, payments technology and card portfolio management on the same page worldwide. ... Read full article
The Community Reinvestment Act can lower — not increase — bank credit availability in some low-income regions, and the OCC should reconsider holding fintechs to the same standards with its new charter. ... Read full article
Zelle is working on ways to ensure that customers can safely pay small businesses as well. ... Read full article
CEO Nandita Bakhshi explains how the bank is investing in renewable energy, female entrepreneurs and underserved consumers. ... Read full article
The FBI and DOJ are looking into what could be one of the largest mortgage frauds since the financial crisis; lawyers for the banks met with the Fed last week. ... Read full article
The Banking Committee had delayed a vote on Kathy Kraninger’s confirmation after the Senate announced a short summer recess. ... Read full article
The letter from lawmakers to the bureau follows a report that the agency does not view the exams as explicitly required by the law. ... Read full article
The veteran banking attorney, who also worked at the FDIC and OCC, passed away Tuesday following a battle with cancer. ... Read full article
While the industry's trend of supporting Republicans continues, Senate Democrats who backed reg relief are drawing key industry support. ... Read full article
While bankers typically donate more to the political re-election campaigns of Republicans, their giving has shifted more to Democratic incumbents in the Senate for the upcoming midterms. ... Read full article
The Minneapolis company said Wednesday that Richard, a senior executive in its risk management office, will succeed Bill Parker in October. ... Read full article
Banks — especially smaller ones — are being told to brace themselves for a wave of ATM raids by cybercrooks. Industry officials are uncertain what information the red alert is based on, but experts say swift, sophisticated thefts are very doable. ... Read full article
The investors initially won the right to sue as a group in 2015 before an appeals court reversed the ruling; the $13 billion lawsuit can now proceed as a class action. ... Read full article
All five are Republicans and they include senior House GOP leaders, contenders to head the Financial Services Committee and strong voices in favor of regulatory relief. ... Read full article
Mark D’Arcy was in charge of regulatory reviews and annual stress tests; many see 10-plus point gains following removal of non-loan collections reports. ... Read full article
The companies had been unable to secure regulatory approval for the deal, which was announced a year ago. ... Read full article
The card issuer Synchrony will continue to manage three cards for the national hardware chain. The timing is good as Synchrony recently lost a deal issuing cards for Walmart. ... Read full article
The number of consumers being pursued by debt-collection agencies fell dramatically in the past year, but it's as much technicality as achievement, and bankers need to keep that in mind when reviewing the credit scores of millions of Americans. ... Read full article