Articles Tagged with ''U.S. Bank''

U.S. Bank says goodbye: Chief directors head to retirement

Two chief officers will retire by end of 2018
U.S. Bank announced Friday that Chief Risk Officer Bill Parker and Chief Human Resources Officer Jennie Carlson will retire by the end of 2018. “Both Bill and Jennie have assembled strong teams to lead us into the future,” said Andrew Cecere, U.S. Bank president and CEO.
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U.S. Bank becomes latest bank to increase wages, hand out bonuses after tax reform

Also making $150 million contribution to bank’s charitable arm
Late last month, after President Donald Trump signed the tax reform bill into law, several large financial institutions announced that they planned to raise employee wages and make other investments thanks to the law reducing the corporate tax rate from 35% to 21%. On Tuesday, U.S. Bank became the latest bank to take similar action.
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Blend doubles down on mortgages, partners with Wells Fargo, U.S. Bank

What will the company do with $100 million in funding?
Since getting its start back in 2012, mortgage technology provider Blend has been a key player in bringing the mortgage industry into the digital world. And thanks to a recently announced $100 million in funding, the San Francisco-based company has a great runway for even more growth. Here’s what Nima Ghamsari, CEO and founder at Blend, sees ahead for the company.
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From HW Magazine

2017 Women of Influence: Doris Raimundi

SVP Business Line Control at U.S. Bank
Doris Raimundi has spent the past year building a strong first line-of-defense team that was instrumental in strengthening borrower protections and bank practices. Her leadership in the company’s complaint area led to a 22% year-over-year reduction in mortgage servicing complaints, as well as one of the lowest large mortgage company complaint volumes with the Consumer Financial Protection Bureau.
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Tim Welsh to join U.S. Bank as vice chairman of consumer banking sales and support

Welsh replaces Kent Stone, who announced his retirement earlier this year
“Tim's in-depth knowledge of the consumer and the ever-evolving expectations customers have for their experience with a financial institution are directly in line with our vision at U.S. Bank. His perspective is a great complement to our leadership team,” said Andy Cecere, U.S. Bank’s president and chief executive officer.
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U.S. Bank fined $15 million for bankruptcy filing violations

OCC announces fine for violations between 2009 and 2014
The Office of the Comptroller of the Currency announced Tuesday that it is ordering U.S. Bank National Association to pay a civil penalty of $15 million for what it calls “bankruptcy filing violations” that occurred between 2009 and 2014. Here are the details.
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Barclays triumphs in toxic mortgage bond row with U.S. Bank, FHFA

Court rules U.S. Bank, FHFA waited too long to file claims
Barclays Bank and a defunct subprime lending unit of the company are off the hook for allegedly misrepresenting the quality of the mortgages that made up a $619 million mortgage bond after the Supreme Court of the state of New York ruled that U.S. Bank and the Federal Housing Finance Agency waited too long to file a lawsuit against Barclays.
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