CFPB Has Spanked BofA With A $12 Million Penalty For Violating HMDA And Regulation C The CFPB has spanked BofA with another fine. Bank of America signed a consent agreement say the bank violated the Home Mortgage Disclosure Act. HMDA mandates mortgage lenders report specific information about loan applications and originations to federal regulators. The […]
Bank Branch Bloodbath Continues As Wells Fargo Closes 15 Branches And BofA Closes Seven In A Week The bank branch bloodbath continued last week as Wells Fargo And BofA filed to close 24 branches last week. US banks are in an ongoing scramble to eliminate costly brick and mortar banking locations. Wells Fargo plans to […]
VA Has Instituted A Foreclosure Moratorium Until May 31, 2024 For Thousands of Veterans About To Needlessly Lose Their Homes The Department of Veterans Affairs aka the VA has instituted a foreclosure moratorium for 6 months. The moratorium applies to all veterans and servicemembers who have VA Loans. The move follows an investigation that found […]
Florida Attorney Sentenced To 14 Years Of Hard Time In Federal Prison. Court Found Phillip Howard Guilty Of Racketeering A federal court has sentenced Florida attorney Phillip Timothy Howard of Tallahassee, Florida to fourteen years in federal prison. Howard pleaded guilty to racketeering (RICO). U.S. Attorney Coody told the media: “The defendant should have been […]
Fidelity National Financial Hit By A Major Cybersecurity Attack. They Are The Latest Financial Firm To Get Hit By A Major Cyber Attack Hackers launched a major cyberattack on Fidelity National Financial last week. The company said the attack led the system to shut down a huge portion of its net. This the latest attack […]
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