Items Tagged with 'Reuters'

ARTICLES

  • New York sues federal government over fintech bank charter plan

    NYDFS is taking the government to task over decision to offer bank charters to fintech companies
    New York state’s top banking regulator sued the federal government to void its decision to begin offering national bank charters to online lenders and payment companies, saying the decision was unconstitutional and posed a threat to consumers. According to Reuters, Maria Vullo, NYDFS superintendent called the Office of the Comptroller of Currency’s decision to allow fintech companies to obtain bank charters, “lawless, ill-conceived and destabilizing of financial markets.”
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  • Reuters takes aim at Invitation Homes

    Investigative piece alleges abuse by the SFR giant; Invitation Homes denies wrongdoing
    On Friday, Reuters broke news of its investigation into allegations of negligence against single-family rental giant Invitation Homes. The report details complaints of infestation, shoddy appliances, mold, long waits for repairs and “fee stacking,” all of which Invitation Homes denies or says were addressed in a timely fashion. This news broke ahead of Blackstone's, owner of Invitation Homes, purchase of a majority position in Reuters Financial Services division.
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  • Monday Morning Cup of Coffee: Reuters publishes hit piece on Invitation Homes

    Plus a $1 billion listing, dwindling numbers of homeowners in the City of Angels and more
    Alright, alright, alright. It’s that time again. Monday is upon us and we’re serving up another round of Monday Morning Cup of Coffee. There’s drama in the single-family rental market after Reuters dropped a bombshell report on the largest single-family home landlord in the nation, Invitation Homes, detailing numerous allegations of neglect and sketchy business practices.
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  • Kashkari: Higher capital regs could hurt economy

    Lending may be further restricted
    The Federal Reserve Bank of Minneapolis president thinks that regulators should take caution, or they could give nonbanks the upper-hand. According to Kashkari, high capital requirements could cause banks to restrict lending and hurt the economy.
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  • Is the next wave of mortgage trouble about to reset?

    Springboard: Nearly half of all HELOCs will reset in next few years
    Springboard Nonprofit Consumer Credit Management, Inc. is expanding services available for home-loan borrowers who need help with recent or upcoming increases on their Home Equity Line of Credit or second mortgage payments.
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