World's biggest banks face £264bn bill for poor conduct

World's biggest banks face £264bn bill for poor conduct

Fines, legal bills and the cost of compensating mistreated customers reached £264bn for 20 of the world's biggest banks over the five years to 2016,
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Google, GoDaddy Dump Web Domain of Neo-Nazi Site Daily Stormer

Neo-Nazi website the Daily Stormer had its domain registration revoked twice in less than 24 hours, in moves that threatened to take it offline if it does
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Read Benchmark's Letter to Uber Employees Explaining Why It's Suing Former CEO Travis Kalanick

Venture capital firm Benchmark has a lot more to say about its lawsuit against former Uber CEO Travis Kalanick. The early Uber investors wrote a
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Protecting Senior Homeowners from Reverse Mortgage Foreclosure

In recent years, reverse mortgage defaults and foreclosures have dramatically increased both in New York and nationwide, putting many seniors at
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Is Zillow violating anti-kickback law? Feds are looking into it

In a multimillion-dollar settlement in January with national lender Prospect Mortgage over alleged violations of the anti-kickback law, the CFPB tipped
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PM sends signal to Reserve Bank over mortgage rules

It required most people wanting to take out a mortgage to have at least a 20 percent deposit. Mr English said while the decision was entirely up to the
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Should Travis Kalanick Really Be Kicked Off Uber's Board?

The chaos over at Uber is one of the most unprecedented and shocking spectacles to come out of any business context in recent memory. First, the
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Tricky malware stealing banking login details to access your cash

We're talking about a phishing campaign that began in the U.K. targeting customers of Lloyds Bank. Unfortunately, the phishing scam is now
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London fintech Tail is a cashback platform built on the promise of Open Banking

London-based Tail is a new fintech startup that offers a glimpse into the promise of Open Banking. This is seeing upcoming legislation in the EU and
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Researcher who neutralized WCry pleads not guilty to writing banking malware

Enlarge / At right, Marcus Hutchins, the British security expert accused of creating and selling malware that steals banking passwords, arrives Monday
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Freddie Mac economist: If housing is affordable, why is homeownership out of reach?

Despite housing affordability being near-record highs, homeownership still feels completely out of reach for many people, Sean Becketti, Freddie Mac
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JMMB begins commercial banking operations

The JMMB Group's entry into the commercial banking foray was made official, with the formal transition from JMMB Merchant Bank to the rebranded
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Toronto's existing homes market is seeing a massive decline in prices — or is it?

Toronto's existing homes market is seeing a massive decline in prices — or is … The latest numbers from the Teranet-National Bank Composite House
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Amending Federal Mortgage Disclosure

disclosure, document Effective October 10, 2017, the federal mortgage disclosure requirements under the Real Estate Settlement Procedures Act and
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The Mortgage Collaborative Adds Strategic Compliance Partners to Network

SCP focuses on assisting in the development and implementation of compliance programs for mortgage banks, warehouse banks, mortgage brokers
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$39M Settlement Reached for Mortgage Insurance Kickbacks in Florida, New Jersey

A federal magistrate has preliminarily approved three settlements totaling nearly $15 million in a national class action accusing mortgage servicers of
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Merck's CEO Isn't the First Biopharma Chief to Tangle With Trump Over Race

Frazier is one of the few African-American CEOs of a Fortune 500 company. In announcing his resignation on Twitter, he said, “America's leaders must
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How smart is too smart for a smart home technology?

The words digital mortgage and e-closing may just be getting to the mortgage finance world, but the home technology world is light years ahead.
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Chief underwriter sues Berkadia Commercial Mortgage

The plaintiff holds Berkadia Commercial Mortgage responsible because the defendant allegedly retaliated against him and terminated his
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Former Texas title agent pleads guilty to stealing $1.6 million from her own company

The former owner of a Southlake, Texas title company admitted in court this week that she stole more than $1.6 million from her own company before
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