Mortgage Lead Service Triggers Industry Storm
By Andrea Gregory
Credit triggers, a lead-generating service the nation’s three biggest credit bureaus have recently begun selling to lenders, may be transforming the mortgage origination process into live auction, a trend that has many industry watchers worried. The concerns don’t end there, however, as some local lenders and mortgage trade groups are questioning whether the practice is legal or ethical and have expressed concerns about consumer privacy issues.
Local Banks Line Up Against Wal-Mart Check-Cashing Bid
By Andrea Gregory
With the first of seven hearings just a week away, local bankers are gearing up to fight Wal-Mart’s application to provide check-cashing services. Although it is unusual to hold so many hearings for a check-cashing application, the size and scope of the application called for the expansive process.
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