Banking and Lending

Trulia Releases Report On CFPB

Trulia Releases Report On CFPB

As both President Donald Trump and Congress currently deliberating the fate of the Consumer Finance Protection Bureau, consumer real estate portal website Trulia last week issued a report analyzing the CFPB’s impact on the mortgage market.

Financial Advisor Sentenced For Obstructing SEC Investigation

A Connecticut financial advisor was recently sentenced in federal court in Boston for obstructing a Securities and Exchange Commission (SEC) investigation by attempting to conceal secret and improper referral payments he made in order to secure the business of a wealthy client.

NSB Announces Succession Plan

NSB Announces Succession Plan

Newtown Savings Bank is looking ahead in anticipation of President and CEO John F. Trentacosta’s retirement.

Freddie Mac Weekly Mortgage Rates

Freddie Mac Weekly Mortgage Rates

The 30-year mortgage rate fell 11 basis points this week to 3.97 percent, dropping below the psychologically-important 4 percent level for the first time since November.

Better Technology Attracts More Clients

Better Technology Attracts More Clients

The recent Connecticut Bank Benchmarks revealed some interesting and surprising findings about how Connecticut consumers and businesses view and use banking technology, and how gender, age and income drive that usage.

Working In The Background

Working In The Background

As financial institutions and fintechs size each other up, what should not go overlooked is the opportunity for fintechs to create efficiencies in some of banking’s most critical functions, say industry observers.

CFPB Releases 2016 Fair Lending Report

CFPB Releases 2016 Fair Lending Report

The Consumer Fraud Protection Bureau has released its 2016 Fair Lending Report detailing the agency’s priorities, supervision and enforcement actions on behalf of consumers last year.

KeyBank Hires Relationship Manager For Local Market

KeyBank Hires Relationship Manager For Local Market

David Cabezas has joined KeyBank as relationship manager for its Connecticut and Western Massachusetts market. Based in New Haven, Cabezas is responsible for expanding and servicing Key’s middle market client relationships in the region.

‘Best Banker In America’ Blamed For Wells Fargo Sales Scandal

‘Best Banker In America’ Blamed For Wells Fargo Sales Scandal

An out-of-control sales culture, a defensive boss obsessed with stamping out negative views about her division and a group chief executive who called her “the best banker in America” were to blame for Wells Fargo & Co.’s devastating sales scandal, an internal investigation found.