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Sandro DiNello, who briefly led New York Community Bancorp amid turmoil earlier this year, is staying on the company's board. But Joseph Otting, the company's recently installed CEO, is taking on the executive chairman position.
June 4
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The long-troubled lender owes at least $40 million to mortgage industry counterparties and tax collectors, it said.
June 4
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On top of cratering origination figures, the company faces lawsuits from counterparties over nonpayment.
June 4
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The Consumer Financial Protection Bureau said in a new circular that it's still watching for attempts to get borrowers to sign away rights that can't be waived.
June 4
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A proposal from the Consumer Financial Protection Bureau to extend the same protections as credit cards to the fast-growing BNPL industry aims to protect consumers, but it could also stunt the nascent industry's growth, experts say.
June 4
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Brokers say the credit giant, which charges $66.45 per individual check, hasn't made its product better through its acquisitions.
June 4
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The changes that affect how buyer broker commissions are paid go into effect on Aug. 17, but there's much uncertainty about carrying them out, said Ryan Tomasello of KBW.
June 3
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The Section 121 exclusion and the step-up in basis are well known to financial advisors and tax professionals, but their clients will need to plan carefully to net the biggest potential savings.
June 3
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Distressed borrowers in parts of Maine, Nebraska and West Virginia are the latest to get short-term leniency on government loan payments due to disasters.
June 3
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The Consumer Financial Protection Bureau Monday completed its rule establishing a nationwide database for a wide swath of financial companies — including payments companies, debt collectors, auto lenders — that have faced regulatory or legal penalties for consumer-related infractions.
June 3
