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 (10/04/2011)
* WASHINGTON (10/5/11)--The apparent end of mortgage malfeasance settlement talks between several state attorneys general (AG) and banks could benefit banks in the end, American Banker reported on Tuesday. The state attorneys were proposing a settlement of over $20 billion, but bankers balked, saying this was well above their liabilities. Many state representatives gradually backed away from this deal, and as their numbers decreased, so too did banks’ willingness to settle with the state AGs. Some have said that the end of state-based negotiations could lead to a glut of individual lawsuits, or action by the Consumer Financial Protection Bureau. A settlement reached with federal officials may amount to less of a hit on the banks bottom line …


RSS





print
News Now LiveWire
.@Cornerstone_CUL in 2014: $9K in savings per member #NewsNow #CUSystem http://t.co/7LnsV876cs
56 minutes ago
RT @CUNA: Bill to codify #creditunion Advisory Council, is introduced by @reppittenger @RepDennyHeck HT @newsnowlivewire http://t.co/0zviXx…
1 hour ago
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
17 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
19 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
20 hours ago