Although student loan delinquency rates remain elevated, mortgage delinquencies fell to 2007 levels and led an overall decline.
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As new technologies emerge in the financial marketplace, banks will play a leading role, Comptroller of the Currency Thomas Curry said in a speech on Friday in Chicago.
By L. Biff Motley
The case will be remanded to the district court where the judge will eventually rule on the merits of plaintiffs’ claims.
Credit standards continued to ease in most commercial and consumer loan categories, according to the Federal Reserve’s latest survey of senior loan officers released today.
Large bank mortgage servicers overall notched higher customer satisfaction ratings than large nonbank servicers, according to the 2015 J.D. Power study of consumer satisfaction with their primary mortgage servicers. Customers gave bank servicers on average 731 points out of 1,000, while nonbanks notched on average 658 points.
ABA yesterday issued a bank members-only staff analysis of the Defense Department’s final rule under the Military Lending Act tightening restrictions on lending to service members and their families.
The Defense Department today issued a final rule tightening restrictions on lending to service members. The rule expands the restrictions in the Military Lending Act — which principally targeted tax refund anticipation loans, payday loans and car title loans — to cover credit cards, lines of credit, installment loans and deposit advances offered to service members.