News, Events, and Press Release Archive

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.

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.

March 31, 2014 - Consumer Relief Report Published
As part of the National Mortgage Servicers Settlement, the nation's five largest mortgage servicers (Ally / Rescap, Bank of America, Citi, JPMorgan Chase and Wells Fargo) were required to report on their cumulative consumer relief. In March, the Office of Mortgage Settlement Oversight issued its final report, which contained information specific to New Hampshire homeowners who received assistance under the settlement. In total, 1,441 New Hampshire homeowners were assisted. The aggregate amount of relief and benefit received in New Hampshire was $82,282,450. To read the report, visit www.mortgageoversight.com.

February 19, 2014 - NH Banking Department earns Accreditation for Mortgage Regulation
Bank Commissioner Glenn Perlow announced that the New Hampshire Banking Department has earned accreditation for Mortgage Regulation.

December 31, 2013 - Upper Valley Commercial Corporation agrees to Cease Operation
The NH Banking Department and the NH Securities Bureau issued Cease & Desist Orders against Upper Valley Commercial Corporation for violating NH State Laws. View the joint press release issued  . View the Banking Department Order  . View the Securities Bureau Order.

Several New Hampshire chartered banks and credit unions have reported that residents are receiving fraudulent phone calls and text messages claiming that their debit cards are locked or deactivated, and then requests account information to correct the problem.  Residents should never respond to a phone call, email, or text message that asks for any account information. If you believe you have been victimized please contact your institution immediately.

March 7, 2013 - Bank Commissioner Glenn A. Perlow - Mr. Glenn A. Perlow was sworn in as the New Hampshire Bank Commissioner. NH Governor Hassan issued press releases praising his nomination and thanking the Executive Council for his confirmation.

July 9, 2012 - NHBD Expands its use of the NMLS - Debt Adjusters, Retail Seller, Sales Finance, and Small Loan Lenders can now apply through the NMLS for licensure. Visit the NMLS Site for more information.