The OCC’s Community Developments Investments newsletter published today focuses on how banks can provide sustainable loan modifications and help reduce foreclosures. For example, the newsletter looks at how banks are engaging with the Treasury Department’s Hardest Hit Fund in California, Florida, Kentucky and North Carolina. It also reviews foreclosure prevention activities under the Community Reinvestment Act.
Republic First Bank closed in Pennsylvania
State regulators closed Republic First Bank, doing business under the Republic Bank brand, in Philadelphia, and appointed the FDIC as...