Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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New Rules Change Credit Practices
Posted on December 18th, 2008 No commentsNew credit card rules coming from the Federal Reserve and other banking regulators could cost the banking industry more than $10 billion a year in interest payments, according to a study by the law firm Morrison & Foerster in anAssociated Press article.
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M&I Declares Foreclosure Moratorium
Posted on December 18th, 2008 No commentsMarshall & Ilsley Corp. declared a three-month foreclosure moratorium on mortgages it holds for owner-occupied homes. The moratorium will allow the bank to work with struggling homeowners on loan modifications that could include extending the loan term, lowering interest rates or deferring missed payments until the end of the mortgage, according to the Milwaukee Journal Sentinel.