Wells Fargo, Bank of America, Citigroup among those accused of notification failures, sending inaccurate information.
If it’s all about location, location, location when opening a business, credit unions may want to pay attention to several cities in Florida, California and Texas.
Complaint includes accusations that homeowners could lose homes because loan mods sat unprocessed on big bank desks.
Fiserv, FIS pushing to make person-to-person an instant affair, which may be the key to real adoption.
Agency posts list of actions against securities firms since financial crisis began.
Checks to range from $300 to $125,000 as result of enforcement actions against 13 servicers, including the nation's largest banks.
Skeptics who saw the seeds of an eventual bank charter in the advent of American Express and Walmart had a change of heart and last week and announced that the jointly sponsored Bluebird prepaid card will carry FDIC deposit.
A new report from the Center for Responsible Lending has documented that payday lending at six large banks is continuing, and the reported alleged it is damaging consumers financially.
In an “amicable” decision made between Patelco President/CEO Ken Burns and the $3.9 billion credit union’s board, Burns will resign effective sometime this summer.
Six banks named in report, charging abuse through high interest rates, other practices, and calling for program shutdowns.