CFPB doubles down against marketing services agreements

CFPB doubles down against marketing services agreements

Underscores that MSAs could constitute mortgage kickbacks

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House

Items Tagged with 'job cuts'


JPMorgan Chase reportedly laying off 5,000 employees

Cuts would represent at least 2% of bank’s staff
JPMorgan Chase is set to lay off approximately 5,000 of its employees as part of cost-cutting measures. The job cuts reportedly already began earlier this year and would represent at least 2% of the bank’s staff.
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Financial sector continues bleeding jobs

Sector records 60,962 job cuts for 2013
Despite overall improvement in the 2013 jobs market, the financial sector took a beating this past year, becoming the industry where employers cut the most. The sector recorded 60,962 job cuts for 2013, up 49% from 41,008 in 2012.
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BAC reduces staff as delinquent loan count improves

Bove: Mortgages are not profitable for big banks
While Bank of America would not elaborate on reports of the banking giant slashing 3,000 jobs in its legacy asset servicing group, it admits the number of delinquent loans the bank services has drastically declined to less than one-third of peak levels.
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