OCC, CFPB Fine Bank of America for Unemployment Assistance Program
Federal regulators have assessed penalties totaling $225 million on Bank of America for its handling of state unemployment payments during the pandemic.
Mortgage Lender Settles Charges It ‘Misled’ Mass. Customers
California-based lender Mutual of Omaha Mortgage Inc. has agreed not to include misleading statements in its advertisements as part of a consent order with the Massachusetts Division of Banks.
Consent Order Issued to Former East Cambridge Savings Bank Employee
A former East Cambridge Savings Bank employee will no longer be allowed to work at any insured depository financial institution.
Lending Club and Subsidiary Settle $2M Consent Order
The peer-to-peer company Lending Club and its Westborough, Massachusetts-based subsidiary Springstone agreed earlier this month to pay $2 million and take a number of other steps to settle a consent order with the Massachusetts Division of Banks.
Federal Reserve Bank Of Boston Imposes Restrictions On Admirals Bank
Add the Federal Reserve Bank of Boston to the list of regulators concerned about the state of Admirals Bank.
Multiple People Charged In Mortgage Fraud Conspiracy
A Methuen attorney and a Methuen loan officer pleaded guilty Friday in connection with a sweeping conspiracy to defraud banks and mortgage companies by engaging in sham short sales of residential properties in the Merrimack Valley.
