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Lenders embrace the concept of simpler mortgage disclosures but want the bureau to fix shortcomings of the APR before making it the focal point of rule changes.
August 31 -
A consumer group questions why the top five mortgage servicers are getting credit under the $25 billion national mortgage settlement for forgiving principal in short sales when the goal of the program is to keep borrowers in their homes.
August 31 -
The Treasury Department has investigated nine community banks that failed since 2007 for possible criminal conduct that led to their failures. The cases have since been closed, and the agency has elected against filing lawsuits in every case.
August 31
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Bank of Commerce Holdings in Redding, Calif., is selling its stake in its namesake mortgage company three years after becoming its co-owner.
August 31 -
Business activity in the banking sector increased in July for the second straight month, according to industry executives surveyed for American Banker's latest Index of Banking Activity.
August 31
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Citigroup will let customers challenge the suspension of home-equity loans and provide $120 apiece to some ex-borrowers whose credit lines were cut, under the settlement of a lawsuit challenging its practices.
August 31 -
A study conducted by Discover's PULSE network finds that issuers are encouraging customers to use PIN at the point of sale now that the Durbin Amendment's interchange cap has made signature transactions less profitable.
August 31
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Square has stolen the spotlight after convincing Starbucks to switch to Square for processing, the mobile-payments vendor gave other merchants the option to accept cards for a flat $275 monthly fee. How can a rival mobile-pay provider compete?
August 31
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The Federal Housing Finance Agency announced Friday that it has instructed Fannie Mae and Freddie Mac to raise the fees they charge lenders on loan guarantees in hopes of creating more private-sector competition in the secondary loan market.
August 31 -
Credit union membership rose to a record 93.1 million in the second quarter even as the total number of credit unions dipped below 7,000.
August 31
