Search Results for: mortgage fraud

BNCCORP Announces Strategic Decision to Sell Mortgage Business
Banking Mortgage News

BNCCORP Announces Strategic Decision to Sell Mortgage Business

PR Newswire
by PR Newswire0
BNCCORP, INC. announced that its wholly owned subsidiary, BNC National Bank (BNC Bank), has entered into a definitive agreement with First Federal Bank under which First Federal will purchase certain operating assets and assume certain liabilities of BNC Bank’s mortgage division as part of BNCC’s strategic decision to exit the......
American Express Launches New Cash Flow Management Hub, Expanding Its Powerful Backing for Small Businesses
Analytics Banking Business Finance News

The CFPB Finds Illegal Junk Fees On Bank Accounts, Mortgages, Student Loans, And Auto Loans.

Fintech Staff Writer
by Fintech Staff Writer0
A special edition of Supervisory Highlights, published by the Consumer Financial Protection Bureau (CFPB) today, details illegal trash fees discovered in deposit accounts and across a variety of loan servicing sectors, including mortgage, student loan, and payday lending. Even for consumers who are financially knowledgeable, it can be difficult to......
Fintech Startup CLOWD9 Partners With Netcetera to Help Combat Global Payments Fraud
Digital Payments News

Fintech Startup CLOWD9 Partners With Netcetera to Help Combat Global Payments Fraud

Fintech News Desk
by Fintech News Desk0
CLOWD9, the world’s first cloud native and decentralized payments processing platform has partnered with Netcetera, a global software company for secure and convenient digital payment solutions, as its payment security provider. CLOWD9 will use its 3-D secure issuer service for transaction authentication and Access Control Server (ACS). Netcetera operate a......
OnlineCheckWriter.com Strengthens Fraud Detection
B2B Digital Payments News Security

OnlineCheckWriter.com Strengthens Fraud Detection

Fintech News Desk
by Fintech News Desk0
OnlineCheckWriter.com, a leading B2B payments company, announced its enhanced security measures to fight the widely prevalent fraud attempts targeting payment companies and users. As a payment service provider receiving hundreds of new-user registrations daily, OnlineCheckWriter.com has instituted multi-level screening before approving every new account application. As part of the heightened......
Fairway Independent Mortgage Offers Down Payment Assistance to First-Time Buyers
Mortgage News

Fairway Independent Mortgage Offers Down Payment Assistance to First-Time Buyers

Fintech News Desk
by Fintech News Desk0
Fairway Independent Mortgage Corporation, the nation’s third largest retail mortgage lender, announced the Fairway Community Access program (FCA), a new program to aid prospective first-time homebuyers currently residing in select communities across the country, including Atlanta, Georgia; Baltimore, Maryland; Chicago, Illinois; Detroit, Michigan; Memphis, Tennessee; and Philadelphia, Pennsylvania. The FCA program aims to help eligible individuals......
New Report: Identity Fraud Doubled in Crypto and Banking in 2022
Banking News

New Report: Identity Fraud Doubled in Crypto and Banking in 2022

Fintech News Desk
by Fintech News Desk0
All-in-one verification platform, Sumsub, highlights seven key fraud trends of 2022 and shares predictions for 2023 in its annual identity fraud study Sumsub, a global verification platform providing customizable KYC, KYB, transaction monitoring, and AML solutions for the whole customer journey, published its second annual Identity Fraud Report, that identifies......
Analysis of Potential Impact of Global Economic Recession on Financial Frauds
Analytics Banking Featured

Analysis of Potential Impact of Global Economic Recession on Financial Frauds

Sudipto Ghosh
by Sudipto Ghosh0
Feeble growth accompanied by uncertain developments have led us into another economic recession. Just when the world was recovering from the Post-COVID damages, new kinds of challenges emerged to push back economic revival. Following a tumultuous few years, economies around the world are bracing themselves for a possible recession. With......
Radius Launches In-House Mortgage Brokerage in California
Mortgage News

Radius Launches In-House Mortgage Brokerage in California

Fintech News Desk
by Fintech News Desk0
New mortgage arm further integrates offerings for Radius agents and clients across California, with plans to enter additional markets as brokerage expands Radius, the tech-enabled brokerage, announced it has launched a mortgage brokerage in California. The mortgage launch comes on the heels of the company’s $14 million Series A fundraise and recent expansion......
CFPB Issues Policy on Contractual ‘Gag’ Clauses and Fake Review Fraud
Consumer protection laws News

CFPB Issues Policy on Contractual ‘Gag’ Clauses and Fake Review Fraud

Fintech News Desk
by Fintech News Desk0
Financial companies will face consequences for illegally manipulating or suppressing consumer reviews Today, the Consumer Financial Protection Bureau (CFPB) issued policy guidance regarding potentially illegal practices related to consumer reviews. The CFPB seeks to ensure that customers can write reviews, particularly ones posted online, about financial products and services that......
Fraud Costs and Volumes Remain Significantly Higher Than Pre-Pandemic For Financial Services and Lending Firms, According to New LexisNexis Risk Solutions Report
Fintech Lending Mortgage News

Fraud Costs and Volumes Remain Significantly Higher Than Pre-Pandemic For Financial Services and Lending Firms, According to New LexisNexis Risk Solutions Report

Fintech News Desk
by Fintech News Desk0
Annual True Cost of Fraud Study Examines Current Fraud Trends and Opportunities for U.S. and Canadian Financial Institutions LexisNexis Risk Solutions released the 2021 edition of the LexisNexis True Cost of Fraud Study: Financial Services & Lending, the 5th edition of the report. The study examines fraud trends for the......
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