A Fed official draws parallels between Wells Fargo’s ongoing fake-accounts scandal, while a top Democrat accuses the bank of dodging congressional inquiries
Just four years after opening an office it expected to bring up to 800 jobs to upstate New York, PHH is shutting down the location and pink-slipping almost all of its employees there
The jury (and judge) are still "out" when it comes to Dodd-Frank and what's going to happen to loan officer compensation. I've heard that mortgage companies are changing they pay structures as you read this.
Brenda Procter, a payday lending expert from the University of Missouri, says that while payday lending has become a serious concern across the country, the creation of the Consumer Financial Protection Board shows that the federal government is taking action to help fix the issue.