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The Wichita Eagle reported that the Bank of Russia said the Commercial Bank of Ivanovo lied “in order to improve its financial indicators and conceal its actual financial standing” and that although the bank’s business had spanned individual and corporate lending, 70 percent of its business came from “low quality loans.”.
Nikitra Bailey, EVP, Center for Responsible Lending (Durham, NC). Bruce Ocko, Senior VP Director of Mortgage & Consumer Lending, Bangor Savings Bank (Bangor, ME). Racardo McLaughlin, VP Mortgage Originations/Operations, TwinStar Credit Union (Lacey, WA), was appointed to serve as CUAC Chairperson.
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