Consolidating debt with initial morgage
Meanwhile the Consumer Financial Protection Bureau has become a battlefield.
In order to run in Ohio, Richard Cordray stepped down at the head of the CFPB, naming as his successor Leandra English.
NEW YORK, December 14 When Associated Banc-Corp to merge with Bank Mutual Corporation, Inner City Press / Fair Finance Watch and others on October 11 filed comments with the Federal Reserve on the 36 branch closings and the anti-competitive effects, also stating that "Fair Finance Watch has reviewed applicant Associated's home purchase lending in the just-out 2016 HMDA data in the Milwaukee MSA and finds serious disparities militating for evidentiary hearings and the denial of this application.
For conventional home purchase loans, Associated denied the applications of African Americans 4.16 times more frequently than those of whites; it made 807 such loans to whites and only 41 to African Americans.
Enjoin Defendant from continuing to withhold responsive, non-exempt records or portions of records from Plaintiffs; D. As to Otting, beyond his gaming of the CRA system, another problem has arisen: Otting misrepresented his resume on education.
We would retain and grow jobs and are committed to continuing and expanding our efforts to serve the economic and development needs of our community.
NEW YORK, October 21 Seven months after Wells Fargo Bank's Community Reinvestment Act rating was dropped two levels to "Needs to Improve," barring it from acquisitions, the Office of the Comptroller of the Currency has quietly said, in a footnote to a Bulletin issued on October 12, that "The OCCs policy is not to lower a banks CRA composite or component rating by more than one rating level." See here, footnote 8.
Call it a stealth sop to Wells Fargo - and seemingly a violation of the Administrative Procedures Act. In July it emerged that over 800,000 people who took car loans from Wells were charged for needless auto insurance, pushing 274,000 Wells Fargo customers into delinquency and triggering nearly 25,000 wrongful vehicle repossessions.
When Fair Finance Watch asked Fifth Third for its Home Mortgage Disclosure Act data, Fifth Third insisted on only giving the data in paper form, unlike nearly all other banks which gave it electronically.
The effect was to make it impossible to analyze patterns in the data, the purpose of the HMDA law.