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The Consumer Financial Protection Bureau said the new regulation, set to take effect in 60 days, would prevent financial institutions from requiring that disputes be settled by arbitration.
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The bank could pay customers more if an independent expert overseeing the compensation process deems it necessary.
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A new law will crack down on '"zombie houses." Governor Andrew Cuomo signed the law this past week. It now means new requirements for mortgage lenders.…
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The public will have more time to comment on a proposed $4.1 billion dollar purchase of First Niagara Financial Group by KeyCorp. The Federal Reserve has…
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A high-ranking member of the Senate Banking Committee is looking into Bank of America's decision to shut down it mortgage processing center in Getzville.…
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Buffalo-based M&T Bank Corporation has announced the largest acquisition in company history.M&T will take over the Paramus, New Jersey-based Hudson City…