Patrick J. Callan Jr. has been named president of One Liberty Properties Inc., Great Neck, N.Y., as of Jan. 3, 2006.The date may be accelerated if Mr. Callan's current responsibilities as senior vice president of First Washington Realty permit, One Liberty Properties said. Mr. Callan, a member of One Liberty Properties' board of directors since June 2002, was previously employed for 17 years by Kimco Realty Corp. in various capacities, including director of real estate and vice president. One Liberty Properties, which specializes in long-term net-leased properties, can be found on the Web at http://www.onelibertyproperties.com.
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The Consumer Financial Protection Bureau has finalized changes to Regulation B, which implements the Equal Credit Opportunity Act, to eliminate any liability for indirect discrimination by lenders. The change represents a major shift in how the agency polices lending discrimination.
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The company will be using a simplified name and a new logo it says shows its unified business model, but its longstanding tagline will stay in place.
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The investment property owner says she was stonewalled and humiliated by BofA's loan officers, and that an error-riddled appraisal was short by over $70,000.
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An independent auditor raised "substantial doubt" about the company's viability as it may not be able to extend forbearance deadlines on massive debts.
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The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
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Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs.
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