FHFA extends comment period on credit scoring changes

02/02/18

The Federal Housing Finance Agency said Friday it will give commenters more time to weigh in on a potential update to the credit scoring requirements for Fannie Mae and Freddie Mac.

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A bogus bank, CFPB in flux, and a Super Bowl moment: Top stories of the week

02/02/18

The quick fall of AriseBank, a would-be blockchain bank; a CFPB buffeted by court rulings and policy shifts; U.S. Bancorp's Super Bowl play; and more.

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JPMorgan, Bank of America ban crypto purchases with credit cards

02/02/18

The nation’s two largest banks don't want the credit risk associated with the transactions.

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Judge throws out CU lawsuit seeking to unseat CFPB's Mulvaney

02/02/18

In his decision Thursday, U.S. District Judge Paul Gardephe said the lawsuit brought by the Lower East Side People's Federal Credit Union lacked standing.

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National expansion bid will test large SBA lender

02/02/18

Seacoast Commerce is San Diego is already one of the biggest Small Business Administration lenders — half the loans on its books are tied to SBA programs. But will its underwriting hold up outside its traditional markets?

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The metrics behind this commercial lender’s upbeat forecast

02/02/18

It is easy to tire of predictions that business lending is poised to rev up. But HSBC USA's Richard Martin sees faster growth among U.S. midsize firms than at their international peers, as well as international-expansion potential for the U.S. companies — and his business plan is counting on all of it.

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SoFi fell short of ambitious 2017 lending goal

02/02/18

Social Finance set an internal goal of lending more money in 2017 than it had in the previous five years combined. It was an aggressive target and one that counted on everything going exactly right.

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Lenders to Treasury: Allow alternative to IRS income verification

02/02/18

Problems with the IRS-managed Income Verification Express System, or IVES, have stoked concerns about delayed mortgage closings when volume picks up this spring.

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Why Fifth Third reversed stance on splitting chairman-CEO jobs

02/02/18

Corporate governance experts normally recommend separating the roles, but Fifth Third's lead director says giving CEO Greg Carmichael both titles was a vote of confidence in his ability to guide the Cincinnati company.

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Clock running out to get housing finance reform moving

02/02/18

Housing finance reformers are pushing full steam ahead to get a bill introduced before the political calendar makes passage nearly impossible.

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