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 (02/24/2012)
  • WASHINGTON (2/27/12)--Since it began accepting complaints about mortgage servicers online in December, the Consumer Financial Protection Bureau (CFPB) has fielded 2,300 complaints from consumers, Christopher C. Haspel, a senior adviser for securitization and servicing at the agency, said Thursday (American Banker Feb. 24). The most common complaint is that servicers repeatedly request documentation, although borrowers have already provided the information, said Haspel, speaking at a mortgage servicing conference sponsored by the Mortgage Bankers Association. Reforming the mortgage markets is one of the CFPB's primary responsibilities under the Dodd-Frank Act, and among its top priorities. The agency's goal is to form a single set of standards with input from other regulators, Haspel said …
  • WASHINGTON (2/27/12)--The Federal Deposit Insurance Corp. (FDIC) said it hopes a new study will help it build a better definition of community banks beyond asset size. Banks generally below $1 billion are considered "community" financial institutions. Richard Brown, the FDIC's chief economist, said the study will help the agency look at other attributes such as lending, core deposits and geographic service areas (American Banker Feb. 24). Banks with as much as $20 billion assets could be considered community financial institutions if they focus on serving their communities, said Randy Dennis, a banking consultant in Little Rock, Ark. The study indicated that non-community banks are on average 64 times larger than community banks--$17 billion compared with $280 million. The large banks were only 12 times larger in 1985 …


RSS





print
News Now LiveWire
Which Children's Miracle Network Hospital is the winner of @CUDirect's 20 for 20 grand prize? Find out Tuesday.
5 hours ago
Gas prices have fallen for a record 88 days in a row says @AAAnews via @washingtonpost http://t.co/c52VTdqHEB
8 hours ago
.@TheNCUA releases regulatory modernization initiative results (PDF link) http://t.co/pgLZe4aget
8 hours ago
#FinCEN seeks nominations of FIs, trade groups for membership on Bank Secrecy Act advisory group http://t.co/l5w58c277W
9 hours ago
MI pediatric dentist pledges $20K match to Hurley Children's Hospital if it wins @CUDirect's 20 for 20 http://t.co/Eq2nIPm6jo
9 hours ago