April 2011

(Source: Bloomberg By David McLaughlin) – Oklahoma Attorney General Scott Pruitt, a critic of proposed settlement terms stemming from a 50-state foreclosure investigation, may break off to seek an alternative accord with banks.

(Source: Bloomberg By David McLaughlin) – Attorneys general negotiating the settlement of a nationwide foreclosure investigation have yet to approach banks with a proposed dollar amount that would fund principal reductions for borrowers, a state official said.

(Source: The Real Deal By Kenneth R. Harney) – When you take out a home mortgage, do you expect to be treated fairly and competently by your bank or loan servicer?

Source: Daily Mail Publication date: 2011-04-20 Arrival time: 2011-04-21 –April 20–Barclays is facing a shareholder revolt over recent changes to its executive bonus scheme and a hefty salary hike for chief executive Bob Diamond.

Source: Datamonitor Publication date: 2011-04-21 –While US issuers and merchants continue to rely primarily on magnetic strip technology, a growing number of countries are using EMV verification. The argument that chip and PIN reduces fraud has had little impact in [...]

Source: Star Tribune, Minneapolis Publication date: 2011-04-20 –April 20–U.S. Bancorp delivered everything Wall Street investors could have hoped for Tuesday, with one significant exception: Loan growth.

Source: Irish Times Publication date: 2011-04-21 Arrival time: 2011-04-20 –LONDON LETTER: Handelsbanken is using traditional techniques of local knowledge and measured staff rewards to grow rapidly in Britain. Irish and other banks, please take note GIVEN THE controversy in Ireland [...]

(Source: Source: Commercial Appeal, The) – Tennessee’s ridiculously easy process that lenders may use to foreclose on delinquent property owners could get easier.

(Source: Milton Ulladulla Times) – Paralysed since the age of three, Dan Crews hoped that he would not live to see the day that his money ran out.

(Source: New York Times Joe Nocera) – Judging by last week’s performance, it sure looks as though the country’s top bank regulator is back to its old tricks.