Project 2025 and banks; Citi fined $136 million for alleged violations of 2020 consent orders
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
How Project 2025 would affect bankers: A document from the Heritage Foundation, written by some of former President Donald Trump's top economic advisors, could have a large impact on bank oversight, should Trump win the presidential election this year.
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CFPB proposes new mortgage servicing rule to aid struggling borrowers: The Consumer Financial Protection Bureau has proposed requiring that mortgage servicers exhaust all efforts at assisting struggling borrowers before moving ahead with a foreclosure.
Citi fined $136 million for alleged violations of 2020 consent orders: The megabank isn't making enough progress in its efforts to improve its risk management systems, according to the Federal Reserve and the Office of the Comptroller of the Currency.
Banks may see higher office loan losses than they expect: Moody's. The ratings firm evaluated 4,100 loans to assess the state of 41 banks' commercial real estate risk. It found that the lenders should be holding, on average, about twice the amount of reserves they currently have for office loans.
'It's always a black box': One fintech's ordeal working with Synapse. GrabrFi, a challenger bank for freelancers outside of the U.S., has found both hurdles and opportunities by working with banking-as-a-service middleware vendors.
Sr. Onboarding Manager, AP Automation, Commercial Bank at KeyBank
7 个月#FakeNews
Chief Compliance Officer (Retired)
7 个月Shame on American Banker for following the MSNBC, CNN and Democrats echo chambers. This intentional misinformation and fear mongering with Trump’s picture in MAGA hat is a betrayal of the organization’s mandate which is apolitical. AB should retract this post if it wants to maintain its good standing in the financial industry who represents members of all stripes. What’s next? A post defending Hunter Biden’s use of financial institutions and SPV’s for his shady business practices. ??
Attended Federal Urdu University of Arts, Science and Technology
7 个月Prosecutor who resigned from Alec Baldwin 'Rust' case says she wanted dismissal CLICK BELLOW https://docs.google.com/document/d/1hqFgzHFkS9bX-oKPdQd1BnEyLtksFIey9kU5wS050Dw/edit?usp=sharing
Owner - Principal Electrical Engineer at AcDc Engineering
7 个月Democrats Continue To Spew Lies About The Contents Of Project 2025 https://thefederalist.com/2024/07/11/democrats-continue-to-spew-lies-about-the-contents-of-project-2025/
appraiser
7 个月They are theifs. I went to pay them at the window the bank would not take cash for a payment; they ruined my credit; a bank that doesn’t take cash unheard of any lawyers out there. They made me loose a property I paid cash for with no mortgage made me double digit interest well almost still in litagation