Banking Articles

November 11, 2013 – 1,261 views

The changes that are evident in the revision of the reverse mortgage rules show that the government plans to continue their trend of slowly making the regulations around this more stringent. The gradual tightening that has been seen will continue for a while because of the effects of the loosely portrayed rules of reverse mortgage had on the home loan crisis in the recent past... Full Story 

November 7, 2013 – 1,306 views

Micro-expressions have long been under study by psychologists. Brought to light by the ground-breaking work done by Paul Ekman, it has been proved that all human emotion can be read through muscular reactions that appear on our faces in a fifth of a second. This involuntary bodily reaction that takes place is universal across all gender, race and ethnicity... Full Story 

November 4, 2013 – 1,231 views

Today, there are a number of reports stating fraudulent identification and missing funds because people gain access to important details like credit card numbers, email ids, and passwords. Managing this is a tedious process. However, it must be done to protect the population from various cyber crimes. There are important roles to be played by both financial companies and individuals who are potential victims of such fraud... Full Story 

October 30, 2013 – 1,322 views

The process to end the debate regarding the appointment of Rep. Mel Watt, D-N.C. as the director of the Federal Housing Finance Agency has been started by Senate Leader Harry Reid. President Obama had previously nominated Mel Watt to the position to take over the post held by acting director Edward DeMarco since... Full Story 

October 24, 2013 – 1,243 views

JP Morgan Chase & Co. and the Department of Justice have agreed on a tentative resolution on all the matters related to civil mortgage-bonds. Under this agreement, JPM will have to pay a record amount of $13 billion to the Department of Justice. The amount was initially said to be $11 billion but after negotiations Department of Justice managed to convince JPM in... Full Story 

October 24, 2013 – 2,342 views

Many companies today employ notaries as employees. These employees are similar to other employees, in that they too are paid salary in the same way. But the major difference is that the work that is expected of them is radically different. Their work mostly consists of dealing with contracts and other legal documents. The policies of a company... Full Story 

October 22, 2013 – 1,203 views

With a view to make the exam procedure a lot faster, the Consumer Financial Protection Bureau is planning on coming up with some major changes. These changes will also be aimed at allowing enforcement personnel to carry on with their own inquiries outside of exams... Full Story 

October 9, 2013 – 1,281 views

The Consumer Financial Protection Bureau (CFPB), along with the Dodd-Frank Act may soon deny payments and remittances to people who are in areas that are torn apart by internal conflict. High conflict zones and areas that have recently suffered similar crises will face a huge regulatory burden due to the new strict and difficult rules applied to the remittance payment procedures. This may in fact even motivate... Full Story