Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
NCUA confirmed earlier indications that there would be no National Credit Union Share Insurance Fund premium for 2014.
10 hours ago
.@NJCUL supported prized-linked savings legislation introduced in New Jersey state Senate.
10 hours ago
#creditunions emphasize co-op principles during National Co-op Month #NewsNow http://t.co/zEb9UFot1N
16 hours ago
Servicemember's spouse drives away with Bank on More's SUV thanks to #missouri #creditunions http://t.co/WvTrKxh0sV
17 hours ago
From @FHFA this a.m.: U.S. house prices up 0.5% in Aug. on seasonally adjusted basis from previous month. More here: http://t.co/1yVDOPggeX
18 hours ago