Nearly half of mortgage complaints covered problems when a borrower was unable to pay, such as seeking a modification or dealing with a foreclosure. For deposit account complaints, almost half were about opening, closing or maintaining accounts. “For military personnel and their families, the realities of military life, including deployments, frequent moves, and a high operational tempo, can sometimes make access to those services extremely challenging,” said CFPB official Holly Petraeus.
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...