Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
News of the Competition (08/11/2014)
  • WASHINGTON (8/11/14)-- The mortgage arm of Fifth Third Bank, a regional banking corporation located in Cincinnati, has agreed to pay $1.5 million to settle allegations of engaging in a pattern of discrimination based on disability or the receipt of public assistance ; infractions that are in violation of the Fair Housing Act and the Equal Credit Opportunity Act ( Housingwire.com Aug. 8). In addition to the dollar amount, the bank also will maintain revised lending policies and conduct employee training related to its underwriting practices. "Today's announcement holds lending institutions accountable for their actions, and is a reminder that every American has the right to apply for a home loan and live in the community of their choice," said Gustavo Velazquez, assistant secretary of the U.S. Housing and Urban Development's Office of Fair Housing and Equal Opportunity...


RSS print
News Now LiveWire
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
4 minutes ago
@CFPB today finalized a rule to promote more effective privacy disclosures from financial institutions to their customers. Watch News Now
1 hours ago
Four consumer rights you didn't have 40 years ago via @CreditExperts http://t.co/RwSocTG1q4
1 hours ago
Cascade Community #CreditUnion has granted 30 educators almost $6,000 in Chalkboard grants for the 2014-15 school year.
1 hours ago
#NewsNow Money: CUNA's Schenk talks interest rates, inflation http://t.co/JbQlDrXzM3
1 hours ago