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February

22
2023
Industry News

Wells Fargo Discloses Probes as Scrutiny of Messaging Apps’ Use Widens

(Bloomberg) -- Wells Fargo & Co. said that US regulators are investigating its retention of employee communications over unapproved messaging apps, the latest bank to get caught up in an industrywide sweep that’s already yielded over $2 billion in fines.

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February

22
2023
Industry News

Consumer Financial Protection Bureau’s fate is again in the hands of the Supreme Court

CNN-The Supreme Court may decide as soon as Friday whether to tackle a new case that could further constrain the power of US regulators to delve into American businesses and individual lives.

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February

22
2023
Industry News

Attorney General Tong Seeks Banking Reforms in Aftermath of M&T Conversion

(Hartford, CT) – Attorney General William Tong today sought new investigative authority over bank consumer financial protection failures following the fraught merger between People’s United and M&T banks. To date, the Office of the Attorney General has received over 400 complaints regarding the merger, including alarming reports of money disappearing from accounts, loss of access to online banking, and refusal to accommodate those with pre-existing power of attorney.

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February

21
2023
Industry News

AG Campbell Secures $2.5 Million in Relief From Leominster Company for Overcharging MassHealth Members and Violating Consumer Protection Laws

BOSTON — Attorney General Andrea Joy Campbell announced today that her office reached a $2.5 million settlement with Leominster-based Regional Home Care, Inc, resolving allegations that the company engaged in unfair, deceptive and abusive debt collection practices in violation of state consumer law and debt collection regulations and improperly collected money from members of MassHealth, the state’s Medicaid program, for balances not owed or that were already paid for by MassHealth.

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February

21
2023
Trends

Today’s 20-, 30-year mortgage rates hold steady | Feb. 21, 2023

With longer-term rates well above 6%, homebuyers who can swing a larger monthly payment stand to save more with a shorter-term mortgage.

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