WASHINGTON - (01/16/06) NCUA and the banking regulatorswill unveil a new campaign of public service announcements thisweek that will urge the hundreds of thousands of hurricane Katrinaand Rita victims to continue working with their credit union orbank to resolve the ongoing financial recovery caused by themassive storm. The PSAs will run in print and on radio in thestorm-stricken areas and will urge victims to Contact YourLender to discuss and develop financial strategies to. Theregulators are also calling on the lenders to continue forebearanceon the affected borrowers by restructuring repayment terms andschedules, deferring principal or interest for additional periods,and providing help ful information. Although four months havepassed since the two major storms, regulators note that manyvictims have still not contacted their lenders.
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The payday loan industry is looking to extend its years-long legal fight with the Consumer Financial Protection Bureau. It's planning to ask a federal appeals court to revisit a ruling that upheld a proposed limit on how often payday lenders can try to pull money from their customers' accounts.
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New York Community Bancorp hasn't said who will replace Chief Operating Officer Julie Signorille-Browne, who is resigning amid a management shake-up.
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A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.
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Nash, the head of tech, media and telecom coverage, has no intention of ending her four-decade career anytime soon.
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Rohit Chopra, director of the Consumer Financial Protection Bureau, said Friday that the agency will be moving forward with rules and enforcement actions after the defeat of a Supreme Court challenge to the agency's constitutionality.
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Pima Federal Credit Union in Tucson plans to buy Republic Bank of Arizona in a cash transaction slated to close in the second half of this year. It's the ninth deal in 2024 in which a whole bank would sell itself to a credit union.
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