The Wayzata, Minn., bank recorded a $20 million charge in response to new regulatory requirements for loans to homeowners who have been through bankruptcy. The directive has hurt profits at a slew of banks.
Regulatory Change on Mortgages Hammers TCF's 3Q Earnings
This feature displays payments industry news and analysis from American Banker sibling brand PaymentsSource. Registration is required; for more information contact customer service.