Banking and Lending

GSE Patch Extended

GSE Patch Extended

October 21, 2020 | Reprints | Unlock Link

The Consumer Financial Protection Bureau issued a final rule on Tuesday to extend the Government-Sponsored Enterprise (GSE) Patch, a move that could protect borrowers with high debt-to-income ratios.

Berkshire Partnership Aids Domestic Violence Survivors

Berkshire Partnership Aids Domestic Violence Survivors

October 16, 2020 | Reprints | Unlock Link

Berkshire Bank has partnered with FreeFrom, a national organization focusing on the connection between financial insecurity and intimate partner violence, to improve protections for employees experiencing domestic violence and develop products and services to support customers dealing with abuse.

Webster Banker Wins National Cybersecurity Award

Webster Banker Wins National Cybersecurity Award

October 15, 2020 | Reprints | Unlock Link

Webster Bank’s senior vice president and chief security information officer, Aimee Barricelli, has been named the 2020 Chief Information Security Officer of the Year by the American Cyber Awards, a national awards program that recognizes innovative and successful people, teams and products working in cybersecurity.

Forbearances Drop as Initial CARES Act Relief Ends

October 15, 2020 | Reprints | Unlock Link

With the first of two six-month forbearance periods available through the CARES Act ending, some borrowers have been exiting forbearance without contacting their mortgage servicers, one factor contributing to a recent drop in loan forbearances, according to the Mortgage Bankers Association.

From Accidental Banker to CEO

From Accidental Banker to CEO

By Diane McLaughlin | October 15, 2020 | Reprints | Unlock Link

After taking time off from a career in manufacturing, Lesa Vanotti responded to a help wanted ad for what she called a “nice bank job” at Torrington Savings Bank, where she planned to work for a few years before returning to manufacturing once her children were older. Instead, her job in the accounting department led to her becoming the bank’s controller and then chief financial officer.

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