Wells Fargo may start cutting tens of thousands of jobs this year

10 Jul, 2020

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10 Jul, 2020

News

Wells Fargo may start cutting tens of thousands of jobs this year

Wells Fargo is drafting plans that could cut tens of thousands of jobs starting this year, people familiar with confidential talks told Bloomberg.

Wells Fargo may start cutting tens of thousands of jobs this year

OCC Warns of Compliance Risk as Banks Adapt to COVID-19 Changes

29 Jun, 2020

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29 Jun, 2020

News

OCC Warns of Compliance Risk as Banks Adapt to COVID-19 Changes

The OCC today cautioned banks to be vigilant about compliance risks that could arise as a result of their response to the coronavirus pandemic.

OCC Warns of Compliance Risk as Banks Adapt to COVID-19 Changes

Fed Limits Bank Payouts and Suspends Share Buybacks as Pandemic Grinds On

25 Jun, 2020

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25 Jun, 2020

News

Fed Limits Bank Payouts and Suspends Share Buybacks as Pandemic Grinds On

The Federal Reserve on Thursday temporarily restricted shareholder payouts by the nation’s biggest banks, barring them from buying back their own stocks or increasing dividend payments in the third quarter as regulators try to ensure banks remain strong enough to keep lending through the pandemic-induced downturn.

Fed Limits Bank Payouts and Suspends Share Buybacks as Pandemic Grinds On

What to Do When Your Bank Is Slow to Fix Credit Card Problems

24 Jun, 2020

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24 Jun, 2020

News

What to Do When Your Bank Is Slow to Fix Credit Card Problems

When it comes to actually delivering COVID-19 relief, Citibank was comparatively worse than other credit card issuers

What to Do When Your Bank Is Slow to Fix Credit Card Problems

Capital One and Other Debt Collectors Are Still Coming for Millions of Americans

06 Jun, 2020

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06 Jun, 2020

News

Capital One and Other Debt Collectors Are Still Coming for Millions of Americans

Aggressive debt collection is key to Capital One’s profitability.

Capital One and Other Debt Collectors Are Still Coming for Millions of Americans

Some Mortgage Loan Servicers’ Websites Offer Information about CARES Act Loan Forbearance That Is Incomplete, Inconsistent, Dated, and Unclear

17 Apr, 2020

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17 Apr, 2020

News

Some Mortgage Loan Servicers’ Websites Offer Information about CARES Act Loan Forbearance That Is Incomplete, Inconsistent, Dated, and Unclear

On April 17, 2020, 22 days after enactment of the CARES Act, HUD OIG reviewed the public facing websites of the top 30 servicers to identify readily accessible information for borrowers related to the COVID-19 crisis

Some Mortgage Loan Servicers’ Websites Offer Information about CARES Act Loan Forbearance That Is Incomplete, Inconsistent, Dated, and Unclear