Links in “Banks”
- Bankers’ Groups Applaud New QRM
ICBA commends the proposed changes to Qualified Residential Mortgage rules for minimizing "the negative impact of new regulations on our housing recovery." CBA calls it "a win for consumers and the still recovering housing industry." [8/29]
- Should the CFPB Be Telling Us How to Christmas Shop?
When the CFPB takes to cautioning about overspending at Christmas time, is it time for a million children march on Washington? [8/29]
- Proposed Revisions to the QRM Rule: Too Far?
Some in the industry are applauding the increase in the income threshold and the elimination of the down-payment requirement; others are concerned the proposed changes to the Qualified Residential Mortgage rule could result in a repeat of the practices that lead to the crash. [8/29]
- How Customers Can Independently Verify the Banks Behind Internet Banks
Some internet banks don't make it easy for customers to independently confirm their FDIC membership. [8/28]
- Half a Billion Reasons to Take a Closer Look at Vendor Management
Three enforcement actions totaling more than $500 million have banks taking a closer look at their vendor relationships. [8/28]
- Breaking Down the Loan Origination Compensation Rule
How ready is your institution? AffirmX's Jane Pannier breaks down the Loan Originator Compensation Rule, scheduled to take effective 1/10/2014. [8/27]
- Report of Lawyers Charging for Phantom Foreclosure Cases
Denver Post reporter uncovers what appears to be scores of cases where homeowners facing foreclosure were forced to pay hundreds in lawyer charges for phantom court cases against them. [8/27]
- Two Bank Failures Bring 2013’s Total to 20
A Tennessee bank and an Arizona bank, both with assets under $400 million, failed Friday; in comparison, last year at this time, there had been 40 bank failures for the year. [8/26]
- Question: Is Bank Required to Make Any Portion of Suspicious Check Available Per Reg. CC?
Customer wants to deposit a suspicious check for $15,000. Is bank required to make any of the funds available per Reg. CC? [8/26]
- Fifth Third’s HUD Problem
More on the charge against the Cinncinnati's-based lender. Couple claims they were required to provide a physician's statement for proof of disability, but federal law bars lenders from inquiring about the nature or severity of a disability. [8/26]
