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On what basis do the MMFs think that they are entitled to run a multi-trillion dollar business, in this day and age, without any capital to stand behind any mistakes they may make?
February 15
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Citigroup Inc. agreed Wednesday to pay $158.3 million to settle claims that its mortgage unit improperly originated Federal Housing Administration loans, a swift reminder that the massive national mortgage deal does not insulate banks from other mortgage-related claims.
February 15 -
CitiMortgage has agreed to pay $158.3 million to resolve allegations by the U.S. related to the quality of loans it submitted to a government-backed mortgage insurance program.
February 15 -
Why community banking is crucial to the nation's long-term growth.
February 15 -
Consumer Financial Protection Bureau Director Richard Cordray told a House panel said the bureau intends to provide more information about its budget and expenditures going forward.
February 15 -
A judge has approved Bank of Hawaii's deal to pay $9 million to settle a class action involving overdraft fees.
February 15 -
With the recess appointment of the director of the Consumer Financial Protection Bureau, the agency is becoming even more active and issues are coming into focus. Financial institutions subject to its jurisdiction should pay attention to its Supervision and Examination Manual published in late 2011.
February 15 -
Deloitte & Touche LLP has named former Federal Reserve Board official Deborah Bailey to run the firm’s banking and securities regulatory practice, and added two former regulators at the Federal Deposit Insurance Corp. to its team.
February 15 -
The Office of the Comptroller of the Currency and the Federal Reserve Board said Wednesday they are extending the deadline for borrowers to request an independent foreclosure review under the consent orders signed by 14 mortgage servicers last April.
February 15 -
The San Antonio, Texas bank blasted excessive federal regulation in announcing it will replace its federal charter with a state one.
February 14
