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New York State Banking Department Releases Details of Mortgage Lending Reform Bill

Tue, 05 Aug 2008 15:37:14 -0400

The New York State Banking Department today reported details of the mortgage lending reform bill signed today by Governor David A. Paterson. This legislation targets the subprime lending crisis by providing assistance to homeowners currently at ri...

New York Banking Department and RealtyTrac® Comment on Second Quarter 2008 New York Foreclosure Filings

Thu, 31 Jul 2008 19:01:19 -0400

The New York State Banking Department and RealtyTrac® commented on the report published by RealtyTrac last week, reflecting the results of their nationwide quarterly review for the period ending June 30, 2008. The report notes that foreclosur...

New York Expands Interstate Branching Law

Wed, 23 Jul 2008 08:52:00 -0400

The New York State Banking Department announced the enactment of a bill amending the New York State Banking Law to permit interstate de novo branching by banks into the State of New York. As a result of the new statute which was signed by Governor...

Banking Superintendent Neiman Takes Action Against V&V Check Cashing In Connection With DA's Indictments

Fri, 18 Jul 2008 17:16:25 -0400

New York Superintendent of Banks, Richard H. Neiman, today issued an order pursuant to Section 39 of the New York Banking Law against V&V Check Cashing Corp. (V&V) to ensure that V&V operates in a safe and sound manner in accordance wi...

New York State Banking Department Licenses China Merchants Bank

Mon, 14 Jul 2008 18:11:07 -0400

The New York State Banking Department today awarded a license to China Merchants Bank (CMB), the sixth largest bank in China, to open the first new mainland Chinese branch in the United States in 17 years. China Merchants Bank has had a representa...

New York State Banking Department to Give License to China Merchants Bank

Fri, 11 Jul 2008 13:28:36 -0400

The New York State Banking Department is giving a license to China Merchants Bank to operate a branch office in New York. This is the first mainland Chinese branch licensed in the United States in 17 years.

Peter G. Humphrey, President and CEO of Five Star Bank, Joins Board at New York State Banking Department

Wed, 02 Jul 2008 14:43:23 -0400

The New York State Banking Department today announced the appointment of Peter G. Humphrey to the New York State Banking Board. Humphrey, who is succeeding Thomas E. Hales, was appointed by Governor David A. Paterson and confirmed by the State Sen...

Banking Department Notifies Public of Fraudulent E-Mails Claiming to be from Their Agency

Wed, 25 Jun 2008 15:14:33 -0400

The New York State Banking Department today notified the public of fraudulent e-mails that are being sent out, falsely claiming to be from one of its divisions.

Retired Congressman John J. LaFalce Joins Board at New York State Banking Department

Wed, 25 Jun 2008 11:57:47 -0400

The New York State Banking Department is pleased to announce the appointment of retired Congressman John J. LaFalce to the New York State Banking Board. LaFalce, who is succeeding Frederick N. Antalek, was appointed by Governor David A. Paterson a...

New York State Banking Department Lifts Order Against Deutsche Bank

Wed, 18 Jun 2008 15:44:40 -0400

The New York State Banking Department, along with the Federal Reserve Bank of New York, today announced the lifting of a 2005 written agreement with Deutsche Bank. The agreement, which was entered into due to weaknesses identified in the bank's An...

Latest Banking Development District Branch Opens In Bedford-Stuyvesant Area

Wed, 04 Jun 2008 16:00:06 -0400

On Friday, June 6 the latest branch in the New York State Banking Department’s Banking Development District (BDD) program will open in Bedford Stuyvesant, Brooklyn. This Amalgamated Bank branch will provide a full range of banking services a...

HALT Task Force Publishes Progress Report on Subprime Mortgage Crisis

Sun, 11 May 2008 11:58:08 -0400

Superintendent of Banks, Richard H. Neiman, today delivered a report to update Governor David A. Paterson on the progress made by the Governor’s Task Force to Halt Abusive Lending Transactions (HALT). The HALT Task Force is an interagency t...

New York Superintendent Of Banks, Richard H. Neiman, Revokes JMF Funding's Mortgage Broker Registration

Tue, 06 May 2008 14:33:05 -0400

New York Superintendent of Banks, Richard H. Neiman, today disclosed that after notice and hearing an order has been issued against JMF Funding Inc. (JMF) revoking JMF’s registration as a mortgage broker due to numerous violations of the Ban...

Media Advisory: Foreclosure Prevention Forum in Buffalo

Mon, 05 May 2008 11:29:36 -0400

Richard H. Neiman, Superintendent of Banks for New York, joins Senator Antoine M. Thompson and the Western New York State Senators for the sixth Operation: Protect Your Home foreclosure prevention forum in Buffalo, New York.

New York Banking Department And RealtyTrac® Comment On First Quarter 2008 New York Foreclosure Filings

Tue, 29 Apr 2008 15:55:04 -0400

The New York State Banking Department and RealtyTrac® commented on the report published today by RealtyTrac, reflecting the results of their nationwide quarterly review for the period ending March 31, 2008. The report notes that there are se...

Foreclosure Prevention Efforts Not Keeping Pace With Trends

Tue, 22 Apr 2008 09:57:25 -0400

The State Foreclosure Prevention Working Group’s second report indicates that industry efforts to avoid unnecessary foreclosures are not keeping pace with the rising rate of homeowners in trouble. The report, which provides analysis of data ...

Media Advisory

Mon, 21 Apr 2008 12:22:04 -0400

WHAT: Press Briefing via Conference Call – State Foreclosure Prevention Working Group issues second report on loss-mitigation efforts by mortgage loan servicers.

New York, New Jersey and Pennsylvania Sign Landmark Banking Pact

Tue, 15 Apr 2008 14:30:42 -0400

Banking officials from Pennsylvania, New York and New Jersey today signed a compact that will allow banks in those three states to expand across state lines and be regulated only by their home state regulator.

Media Advisory

Mon, 14 Apr 2008 14:18:06 -0400

New Jersey Department of Banking and Insurance (DOBI), New York State Banking Department and Pennsylvania Department of Banking officials will gather in Jersey City and New York City on Tuesday, April 15, to sign the Tri-State Compact that will e...

Media Advisory

Mon, 14 Apr 2008 12:15:44 -0400

Superintendent of Banks Richard H. Neiman is part of a panel of financial, legal and regulatory experts that will gather at Fordham University to discuss the causes and consequences of the current turmoil in the subprime mortgage and global financ...

Media Advisory

Fri, 11 Apr 2008 16:12:47 -0400

Banking Department Announces Request for Proposal for $1.5 Million in Foreclosure Prevention Services

Thu, 14 Feb 2008 14:46:45 -0500

The New York State Banking Department announced today a Request for Proposals (RFP) for $1.5 million available for the provision of foreclosure prevention counseling, advocacy and legal services throughout New York State.

New State Coalition Seeks High-Quality Homeownership Education for New Yorkers

Mon, 11 Feb 2008 14:38:53 -0500

Today, the New York State Coalition for Excellence in Homeownership Education (NYS-CXHE)—a broad-based coalition of nonprofit organizations, lending institutions and state agencies—held the first in a series of regional meetings to lau...

Media Advisory

Mon, 11 Feb 2008 09:19:39 -0500

The New York State Coalition for Excellence in Homeownership Education will hold the first in a series of regional meetings launching a statewide effort to promote homeownership education, as well as to present the findings of a study entitled The...

Senate Democrats, NYS Banking Department and Financial Institutions Join Forces

Sun, 10 Feb 2008 13:51:12 -0500

NEW YORK - Thousands of New York homeowners will be able to have their loans reviewed by bank and mortgage servicing company representatives, during “Operation Protect Your Home.” The series of forums, which begins on February 23, is a...