Links in “Banks”

Former EVP and senior loan officer of the since-failed Bank of the Commonwealth gets 17 years for conspiracy to commit bank fraud; among his misdeeds was taking out loans on properties to make payments on other past due loans to prevent them from appearing on the bank's past due loan reports. [9/18]

FDIC has filed at least 32 lawsuits against directors and officers, exceeding the rate of new filings compared to any equivalent period in the previous three years. [9/18]

The agency seeks to use its authority granted by Congress to protect servicemembers from illegal payday loans through the Military Lending Act. [9/18]

Part two of a two-parter on ten Twitter accounts to follow for compliance and risk matters in 140-character chunks. [9/17]

Two men sentenced to 17 years in scheme where they bought homes from distressed homeowners for $10 per property, then rented the homes out to unsuspecting tenants while they delayed foreclosures by submitting phony applications under TARP's housing program. [9/17]

Rather than abandoning lucrative credit card add-on services after receiving hefty fines from the CFPB, certain lenders are coming back with variations on the theme in an effort to test how much wiggle room there is with regulators. [9/17]

Questioner asks if CFPB affects loans for business purposes and not on a primary residence. Here is the response. [9/16]

Chickens come home to roost after JP Morgan Chase ignores regulatory compliance issues for too long. [9/16]

OCC seizes $3.1 billion-asset First National Bank in Edinburg, Texas, one of two banks closed on Friday, bringing the total for the year to 22 closures. [9/16]

Five years in prison and a $7 million fine for man convicted of falsifying financial documents to secure loans from Indiana banks ranging from $30K to $3.8 million. [9/16]