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14 Aug 2018, 5:17 am by Barbara S. Mishkin
Moseley, the DOJ claimed that the loans made by the lenders controlled by Mr. [read post]
10 Aug 2018, 1:00 pm by Dan Ernst
As a lender-of-last-resort, the Federal Reserve famously supports commercial banks facing distressed liquidity conditions, thereby mitigating destabilizing bank runs. [read post]
5 Aug 2018, 9:30 pm by Paul Tucker
Unlike most agencies, central banking spans almost all the functions of government: fiscal, through monetary policy’s latent powers; regulatory, through banking supervision; services, by effecting payments transfers and collecting statistics; and the emergency state’s crisis management, by acting as the lender of last resort. [read post]
2 Aug 2018, 7:37 pm by Adam Levitin
 Second, people often go to restaurants in groups, which means that there will be some Jack Sprat wives in the mix. [read post]
30 Jul 2018, 8:45 am by Hans C. Wahl, Esq.
Contact Your Bank To Access A Line Of Credit, If Needed If your association is truly prepared then you will already have in place an established line of credit with your bank to tap into during emergency situations. [read post]
13 Jul 2018, 8:53 am by Amy Howe
” At the same time, Kavanaugh’s nomination was met with resistance from Democrats and liberal interest groups, who characterized him as an “extreme” nominee. [read post]
12 Jul 2018, 12:32 pm by Alan S. Kaplinsky and James Kim
Thus, in recommending that “all lending in New York” be subject to New York usury laws, the NYDFS appears to be taking the position that no online lender partnering with a bank can permissibly rely on the bank’s federal law power to export interest rates to charge the interest the bank is permitted to charge on loans the bank has assigned to the online lender when such interest exceeds New York usury limits. [read post]
5 Jul 2018, 1:28 pm by Barbara S. Mishkin
A group of 21 state attorneys general have sent a letter to the Senate majority and minority leaders as well as to the chairman and ranking member of the Senate Banking Committee urging them to reject H.R. 3299 (“Protecting Consumers’ Access to Credit Act of 2017”) and H.R. 4439 (“Modernizing Credit Opportunities Act”). [read post]
25 Jun 2018, 6:00 am
"Mulvaney opposed the creation of the CFPB when he was a member of Congress which also isn't surprising when you consider that he's accepted hundreds of thousands of dollars in campaign contributions from banks, credit card companies, payday lenders, and other financial services companies during his career," he said. [read post]
24 Jun 2018, 6:29 pm
Completing Foreclosure A lesson that other lenders can learn from this case is that borrowers can try to challenge a foreclosure even after the sale has taken place. [read post]
10 Jun 2018, 2:23 pm
"Despite disagreements between members of the eight-member grouping, the apparent harmony in which the summit took place stood in contrast with the G7 meeting in Canada. [read post]
4 Jun 2018, 9:30 pm by Patricia Liverpool
According to Litt, the provision would only apply to security freezes that impede lenders from accessing a consumer’s credit file. [read post]
1 Jun 2018, 5:56 am by Jim Sedor
The case of VTB, a state-owned Russian bank, illuminates what Americans learn – or do not – under FARA. [read post]
11 May 2018, 7:22 am by admin
In the mid-1980s, when federal regulators with the Federal Home Loan Bank Board (FHLBB) began looking at Lincoln’s practices, Keating gave large campaign contributions to a group of senators – subsequently known as “the Keating Five” – who intervened on Keating’s behalf with the director of the FHLBB. [read post]
30 Apr 2018, 3:31 pm by Kevin LaCroix
The panel will also include Garrett Koehn of CRC Insurance Group and Paul Tomasi of E-Risk Services. [read post]
25 Apr 2018, 1:46 pm by Michael Madison
This is a unwieldy group to be sure, so perhaps such face-to-face meetings should be held with the Deans Steering Committee. [read post]