Teresa A. "Terri" Dial has been named to the newly created post of chief executive officer of Citi Consumer Banking in North America, which includes oversight of CitiMortgage, and to the post of global head of Citi consumer strategy. As CEO of consumer banking, Ms. Dial will oversee Citi's Retail Branch Network, CitiFinancial, CitiMortgage, and all other consumer businesses with the exception of Citi Cards, the company said. She will report directly to Citi CEO Vikram Pandit. Ms. Dial previously headed the consumer banking operations of Wells Fargo Bank in the United States and of Lloyds TSB UK Retail Banking.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
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A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
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The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
August 11 -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
August 11 -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
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