Author name: Ricky Vasquez

Federal Reserve

Study shows decade-long decline in federal enforcement activity

The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C.Al Drago/Bloomberg Processing Content Key insight: Annual enforcement actions by the Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency have fallen steadily dating back to the Obama administration. Expert quote: “What has happened within the banking industry to […]

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Mortgage vendor sues former exec for poaching lender clients

A mortgage vendor is suing one of its former executives for starting a competing company while employed and soliciting some of its bigger-name customers. Processing Content New Jersey-based Flatworld Mortgage Solutions sued Rajeev Kumar last week in a federal court, accusing its former executive vice president of breaching various employment agreements. Kumar, who claims he

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