Fed Bans Former Bank Lending Chief Over Altered Property Appraisals
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Fed Bans Former Bank Lending Chief Over Altered Property… – Your Capital Minds
The Federal Reserve has prohibited former Heritage State Bank Chief Lending Officer James Burns from working in the US banking industry after finding that loans were approved using altered property appraisals and valuations prepared by appraisers who were not properly licensed. Under a consent order, Burns is barred from serving as an officer, director, employee or other institution-affiliated party at an insured bank, bank holding company or ot…
Fed Bans Former Bank Lending Chief Over Altered Property Appraisals
The Federal Reserve has prohibited former Heritage State Bank Chief Lending Officer James Burns from working in the US banking industry after finding that loans were approved using altered property appraisals and valuations prepared by appraisers who were not properly licensed. Under a consent order, Burns is barred from serving as an officer, director, employee or other institution-affiliated party at an insured bank, bank holding company or ot…
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