Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Inside Washington (01/03/2013)
  • WASHINGTON (1/3/13)--Regulators are close to a $10 billion settlement with 14 of the nation's largest banks that would end the government's efforts to hold lenders responsible for foreclosure abuses, The New York Times reported Monday. The deal would also likely put an end to recent warnings from independent consultants, the Government Accountability Office and lawmakers cautioning regulators that their foreclosure reviews were faulty, according to the American Banker (Jan. 2). A settlement could help resolve allegations of foreclosure mistakes and misconduct during the current review process, the Banker said. A random sampling of foreclosures showed that 11% of all foreclosures would require remediation payments or other compensation, Rep. Brad Miller (D-N.C.) and other members of Congress said during a 2012 hearing. Still to be determined is how regulators will distribute $3.75 billion in direct homeowner remediation payments …


RSS





print
News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
1 day ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
1 day ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
1 day ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
1 day ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
1 day ago