Sentences with phrase «mortgage lending abuses»
Similarly, important rulemaking by the Consumer Financial Protection Bureau to protect against future mortgage lending abuses, is slated to come to a head in early 2013.
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For the latest fine, Wells Fargo would pay for auto insurance and mortgage lending abuses.
The US currency comptroller proposed Wells Fargo pay a penalty to resolve probes into auto insurance and mortgage lending abuses.
President Donald Trump rejected the notion that Wells Fargo would skate on penalties associated with claims of mortgage lending abuse.
After Reuters reported in December that the CFPB might be slowing its investigation into Wells Fargo's mortgage lending abuse, President Donald Trump hit back on Twitter, calling for fines and penalties to be «pursued and, if anything, substantially increased.»
Not exact matches
Wells Fargo will pay $ 1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses.
A bipartisan majority of senators has chosen to commemorate the 10th anniversary of the worst financial crisis since the Great Depression by handing big banks and their lobbyists a package of deregulatory gifts, increasing the risks to financial stability and the likelihood of consumer abuse, including racial discrimination in mortgage lending.
She currently focuses on advising and defending leading financial institutions against individual and class claims for violation of federal and state lending laws and violation of the violation of the Commodity Exchange Act, mortgage servicing claims, elder abuse and personal injury claims, and consumer protection and unfair competition claims.
Wells Fargo confirmed Friday that it is indeed facing a fine of $ 1 billion over mortgage lending and auto insurance abuses.
In a July 2011 letter to Fed Chairman Ben Bernanke, then - NAR President Ron Phipps wrote,» regulation of the mortgage lending industry is becoming so complex that it threatens to weaken the system instead of curing abuses, «and that the lending industry and regulators» have over-corrected in response to abuses that occurred in the middle of the last decade.
Wells Fargo is said to be in settlement talks with the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) over mortgage lending and auto insurance abuses.