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Kinecta Federal Credit Union signed Chris Knox as Northeast regional manager for its wholesale/correspondent mortgage lending operation.

Congress has imposed numerous checks and balances on the Consumer Financial Protection Bureau's powers, according to Richard Cordray, who has been nominated by President Obama to be the agency's first director.

The Collingwood Group Wednesday announced that it has hired industry veteran Tom Cronin as a managing director of the firm.

In a long-awaited showdown over the future of the Consumer Financial Protection Bureau on Tuesday, Republicans and Democrats sparred over whether the Senate should proceed with the nomination of the bureau's first director.

The nominee to be the first director of the Consumer Financial Protection Bureau said he prefers to use "supervisory tools" as opposed to litigation to enforce consumer protection laws.

Stephen L. Ledbetter, senior vice president of mortgage backed securities for the Government National Mortgage Association, is leaving the agency for a senior position at the Federal Deposit Insurance Corp., according to officials familiar with the matter.

3Point Asset Management, Irvine, Calif., has hired Ron Millar as AVP in charge of sales and training.

Flagstar Bancorp, Troy, Mich., this week named Henry Darakhovskiy senior vice president and manager of balance sheet management portfolios.

The Appraisal Institute named a Texas appraiser as its new elected vice president for 2012 as part of its annual changing of the guard.

Mortgage quality control technology and services provider Aklero Risk Analytics has named an executive from ISGN as chief financial officer.