Sterling Bank & Trust

Sterling Bank & Trust Fined $6M Over Mortgage Fraud Issues

Sterling Bank & Trust Still Remains Under Criminal Investigation By Department Of Justice And The SEC The Comptroller of the Currency (OCC) on Tuesday said it has imposed a $6 million fine on Sterling Bank & Trust FSB. The OCC alleges the bank originated mortgage loans for about eight years using false or fraudulent information. […]

Citibank

Citibank Slapped With $30 Million Fine For Neglecting Foreclosed Homes

Citibank Slapped With $30 Million Fine For Leaving Hundreds Of REO Properties Vacant Past The 5-Year Limit Federal banking regulators have slapped Citibank with a $30 million fine. An investigation found that the bank was not selling foreclosed homes back into the market fast enough.  The Office of the Comptroller of the Currency announced it […]

mortgage servicing tests

OCC Says Major Banks Fail Mortgage Servicing Tests

Wells Fargo, Chase, U.S. Bank still fail mortgage servicing tests E. SCOTT RECKARD, LA Times Four years after pledging to clean up wide-ranging foreclosure abuses, Wells Fargo & Co., JPMorgan Chase & Co. and four other banks still aren’t complying with customer-service standards imposed by a federal regulator. The Office of the Comptroller of the […]

Michigan Treasury

Sterling National Bank-Hudson Valley Bank Merger: In Trouble?

OCC & NYDFS Investigations Into Sterling National Bank’s Shenanigans Worry Customers and Share Holders MFI-Miami has learned that shareholders and deposit holders at Hudson Valley Bank are having grave concerns about the bank’s merger with Sterling National Bank. Sterling is now under investigation by both the OCC and the NYDFS. Sterling and Hudson Valley Bank agreed […]

HSBC

Sterling National Bank Complaint Prompts Investigation By NYDFS

The Sterling National Bank Complaint And New Investigations By The FDIC & NYDFS Could Shatter Merger With Hudson Valley Bank Last week, I wrote about how a Sterling National Bank complaint has led the FDIC and the U.S. Treasury’s Office of the Comptroller of the Currency (OCC) to launch investigations into the treatment of Sterling […]

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