Agency action in New York federal court on same day as NCUA goes after 13 global banks in Libor price-fixing scandal.
The NCUA late Monday said it filed an antitrust lawsuit against 13 international banks involved in the Libor rate scandal.
Wells Fargo, Bank of America, Citigroup among those accused of notification failures, sending inaccurate information.
Complaint includes accusations that homeowners could lose homes because loan mods sat unprocessed on big bank desks.
Thirteen institutions expected to also undertake loss mitigation efforts focused on foreclosure prevention in OCC/Fed settlement.
At a time when more small businesses are looking for alternatives after being the shown the door by their longtime banks, one Arizona retailer recently went public with its frustrations.
Big bank accommodated money flow for Mexican drug traffickers, allowed customers to conduct business with sanctioned countries, including Iran.
CEO Vikram Pandit steps down, along with President/COO Michael Corbat on Tuesday, effective immediately.
Credit unions catch up to big banks, market research firm Chadwick Martin Bailey said.