CFPB: Some Reverse Mortgage Ads ‘Confusing’
The Consumer Financial Protection Bureau yesterday issued a report describing several lenders' reverse mortgage advertisements as confusing to seniors. Based...
Newsbytes
Banks Join DOJ’s Swiss Bank Program
The Justice Department announced last week that four banks — Société Générale Private Banking (Lugano-Svizzera), MediBank AG, LBBW (Schweiz) AG,...
U.S. Adds 280,000 jobs in May
Total nonfarm payroll employment rose by 280,000 in May, up from last month’s revised estimate of 221,000. The unemployment rate...
Fourth Circuit Upholds Former Bank Execs’ Prison Sentences
The Fourth Circuit has denied appeals by former bank executives of bank fraud convictions.
ABA, Groups Welcome Amendment to Limit ‘Disparate Impact’
ABA and several housing groups today urged the House to pass an amendment that would prevent the use of disparate...
Senate Panel Passes Patent Reform Bill
By a bipartisan 16-4 vote, the Senate Judiciary Committee today approved the PATENT Act (S. 1137), which would seek to...
Internal Audit, COSO Peer Groups Formed
Since the Sarbanes-Oxley Act of 2002, banks have placed increased focus on internal audit. In response to member requests, ABA...
Agency Watchdogs Recommend Improvements in Coordination
The inspectors general for the prudential regulatory agencies and the Consumer Financial Protection Bureau today released a report on how...
Oil-Related Job Cuts Wane
Employers announced plans to shed 41,034 workers from their payrolls in May, following the 61,582 planned job cuts announced in...
