Regulatory Alerts2020-12-11
Added · Updated
Bulletin 2964 - December 11, 2020
The Commissioner sets the 2021 deposit index at 0.08%, establishing minimum interest rates for rental security deposits, state-held funds, mortgage escrow accounts, and utility customer security deposits. Berkshire Bank must close its Lisbon and North Windham branches by February 26, 2021. Nationstar Mortgage LLC agreed to a multi-state consent order requiring three years of enhanced servicing standards, an Enterprise Risk Management Program, $22 million in consumer relief distributions, and $1.205 million in penalties and costs. Financial Vision Advisory Services, LLC paid a $5,375 settlement for paying fees to an unregistered individual and operating an unregistered branch office.
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