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News and Events

December 16, 2014 - National Mortgage Settlement Update

Joseph A. Smith, Jr., Monitor of the National Mortgage Settlement (NMS), the Ocwen National Servicing Settlement, and JP Morgan Chase Residential Mortgage-Backed Securities Settlement (Chase RMBS Settlement), today released updates on six mortgage servicers’ compliance with the NMS servicing standards, Ocwen’s self-reported progress toward fulfilling its consumer relief requirement under the Ocwen National Servicing Settlement, and JP Morgan Chase’s progress toward fulfilling the consumer relief requirements of the Chase RMBS Settlement. More information about the National Mortgage Settlement and the Ocwen National Servicing Settlement is available at www.nationalmortgagesettlement.com. Further information about Joseph Smith and the Office of Mortgage Settlement Oversight is available at www.mortgageoversight.com.

October 2, 2014 - National and State-by-State Banking Survey

The Banking Department and New Hampshire community banks recently participated in a national survey of more than 1,000 community bankers. The survey provides groundbreaking insights and key data on how community banks are responding to opportunities and challenges stemming from changing market and regulatory conditions, including new mortgage regulations, community banks’ product and service offerings, and major community bank competitors. The survey and research was developed by the Conference of State Bank Supervisors (CSBS) and the Federal Reserve. CSBS has made the national and state-by-state survey results available on this web page.

July 24, 2014 - J. Spencer Culp Promoted to Director of Trust Supervision

The Banking Department has promoted J. Spencer Culp to serve as Director of Trust Supervision, a newly created position within the Department. Mr. Culp recently worked as a Hearings Officer on issues involving State Chartered Banks, Credit Unions, and nondepository Trust Companies.

July 10, 2014 - CFPB orders ACE Cash Express to stop using unfair, deceptive, and abusive practices to collect consumer debts

The Consumer Financial Protection Bureau (CFPB) has ordered payday loan lender ACE Cash Express to pay $5 million in penalties and $5 million in restitution, for using illegal debt collection tactics – including harassment and false threats of lawsuits or criminal prosecution collect consumer debts. View their Press Release.

NH Residents that may have been harmed are encouraged to call the Department at 603-271-3561.

 

[News, Events and Press Release Archive]

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Banking Department
53 Regional Drive  |  Suite 200  |  Concord, NH 03301
(603) 271-3561  |  (800) 437-5991
fax: (603) 271-1090 or (603) 271-0750