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Foreclosure Task Force Makes Recommendations
Posted on September 9th, 2009 No commentsA bipartisan Wisconsin task force on preventing home foreclosures is recommending legislation that would make state licensing of home appraisers mandatory and require mortgage brokers to put borrowers’ financial interests ahead of their own. The Wisconsin Bankers Association supported the recommendations, adding that mortgage brokers be held to “bank-like” standards, the Milwaukee Journal Sentinel reported.
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New Auburn Bank Works With Former Regulator
Posted on September 9th, 2009 No commentsThe Federal Deposit Insurance Corporation’s list of troubled banks rose to a 15-year high in August, and in conjunction with federal regulators, the state’s Department of Financial Institutions has been passing out orders to banks with bad loans. One recipient, Security Bank in New Auburn, Wis., agreed to a cease and desist order in July. Since then, they’ve been partnered with a third-party overseer, former longtime FDIC regulator Bill Endres, The Chetek Alert reported.
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ABA: Fewer Americans Paying Bank Fees
Posted on September 9th, 2009 No commentsAt least 82 percent of bank customers avoided overdraft fees within the past year, up 2 percent from 2008, according to a survey published by the American Bankers Association. Read more in the Milwaukee Business Journal.