It didn’t take long to hear the buzz when the Consumer Financial Protection Bureau reminded indirect lenders that they must comply with certain regulations to ensure that they are not discriminating against minorities when marking up interest rates.
NADA, NAMAD say bureau is relying on statistical analysis of past transactions, not intentional conduct.
As the sequestration budget cuts enter their third week, it still remains to be seen how wide of an impact they will have on federal employees, their spending habits and whether they’ll put off taking on any new debt.
Two New York credit union professionals were recently named to the Credit Union House Hall of Leaders in recognition of their commitment and service to the credit union movement.
Thirteen institutions expected to also undertake loss mitigation efforts focused on foreclosure prevention in OCC/Fed settlement.
Fed governor said banks of $50 million or less in assets hit harder by need to staff up to meet compliance demands.
Though a little weaker than residential real estate, reports on sales and leasing of nonresidential real estate are still mostly positive.
Goldman Sachs and Morgan Stanley have agreed to pay $557 million in cash payments and other assistance to help mortgage borrowers.
Trade writes letter to commission, arguing its report is based on "selective information."
NCUA and Fed experts will address common errors in data submissions.