Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (01/09/2013)
  • WASHINGTON (1/9/13)--The Office of the Comptroller of the Currency (OCC) gave high priority to cash compensation for abused borrowers in discussing the $8.5 billion settlement with 10 mortgage servicers, American Banker reported Tuesday (Jan 8.). Borrowers will receive $3.3 billion in direct cash payments through the settlement. The OCC must still work out the details about how the money will be divided among borrowers. The settlement calls for banks to contribute to a central settlement fund, with the OCC to divide the money based on rough profiles of bank customers. Among the categories for distribution are borrowers in bankruptcy at the time of foreclosure and those were denied loan modifications …


RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
1 Day ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 Day ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
1 Day ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
1 Day ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
1 Day ago