Links in “Banks”
- Report: Less than Half of U.S. Banks Adopt Best Practices for Checking Accounts
When it comes to disclosures, overdrafts and dispute resolutions, consumer experiences vary widely from state to state, according to a Pew report. [11/13]
- “The Cabalist” and Four Other Types of Board Members to Avoid
Try to avoid letting these five types of unproductive or counterproductive directors on your CU's board. [11/12]
- Malicious Email Traffickers No. 1 Target: Customers of Financial Service Providers
Consumers remain 7 times more likely to become a victim of a cyberattack via "their bank" versus any other sector. [11/12]
- Fraud Nets Former Bank Exec 23 Years in Jail and $333 Million in Restitution
Former CEO/president of the now defunct Bank of the Commonwealth in Virginia sentenced for conspiracy to commit bank fraud, false entry in a bank record, unlawful participation in loans, and more. [11/12]
- Recipe for Disaster: Selecting Appraiser Based on Lowest Fee
OCC guidance cautions that appraiser selection based on lowest fee is a "recipe for disaster." Three critical factors are appraiser's knowledge of property type, knowledge of neighborhood, and record of performance. [11/12]
- Eminent Domain Efforts Resulting in Market Blowback
The efforts of certain municipalities to use eminent domain to seize underwater mortgage loans from investors is resulting in market reluctance to fund loans or buy bonds in those areas. [11/12]
- Analysts’ Forecast Home Prices to Exceed 2007 Peak by 2018
By the end of 2018, analysts forecast the national median home price could exceed $200,000. [11/11]
- Can an Employee Convicted of a Felony be a Mortgage Loan Originator?
Questioner asks if an employee convicted of a felony can be a MLO. Responder suggests that may not even be the right question to be asking. [11/11]
- HAMP: 1.2 Million Modifications Later
Status check on the Home Affordable Modification Program. 12,884 permanent HAMP modifications were awarded in September, including 5,854 principal reductions. [11/11]
- Deciphering New Points and Fees Definitions of Reg. Z
All the inclusions and exclusions make the new definitions of points and fees in Reg. Z "more complicated than the tax code." [11/8]
