Banking and Lending
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.
Officials of two large California public retirement systems said Friday they are voting against nine of 15 Wells Fargo & Co. directors up for election at the bank’s annual meeting next week, citing the bank’s phony-account scandal.
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.
Simsbury Bank will sponsor the West Hartford Chamber of Commerce’s Annual Economic Development Luncheon this year.
Newtown Savings Bank is looking ahead in anticipation of President and CEO John F. Trentacosta’s retirement.
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.
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.
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.
Connecticut lenders benefited from demand for rental housing last year, while the residential market remained largely flat, save for a few of the very biggest players in last year’s Top Lenders.
Atlanta-based databank for homebuyer programs Down Payment Resource yesterday announced new partnerships with four mortgage lenders, including Fairway Independent Mortgage Corp., a national lender with an office in Glastonbury.
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.
A Hartford attorney was recently sentenced to three years in prison for his involvement in a securities fraud scheme.
Gov. Dannel P. Malloy recently appointed Gina McCarthy to serve as a member of the board of directors of the Connecticut Green Bank.
A Connecticut man was recently sentenced to eight years in federal prison for fraud schemes.
Wells Fargo & Co., which has been mired in litigations stemming from a sales scandal, posted a nearly flat first-quarter profit, hurt by lower mortgage banking revenue and higher expenses.
Following a weak March jobs report, the 10-year Treasury yield dropped about 5 basis points.
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.
A former Torrington resident was recently sentenced to prison for his role in a stolen identity tax refund scheme.
First County Bank announced the recent addition of Duncan T. Lee to the bank’s retail banking division as branch manager of the Westport location.
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.
Banking & Lending Top Block
- Hartford Attorney Sent To Prison For 3 Years For Pump And Dump Scheme
- Ion Bank Names New SVPs
- Fast Casual Italian Joint Set To Open Late Summer
- Wethersfield Man Faces Decades In Prison For Phony Investments Practice
- Cybrexa Therapeutics Brings R&D To New Haven