Missouri Bankers Association

Foreclosure Mediation
6:04 am
Tue October 16, 2012

The Battle Over Foreclosure Mediation In St. Louis County

(via Flickr/taberandrew)

Casandra Sheperd is about to be evicted from her home in north St. Louis County.

On a recent afternoon, the soft spoken woman with an easy smile is standing in a room with 20 years’ worth of possessions stacked to the ceiling.

“Every box is hard, you know, because everything has a memory,” Sheperd says. “You know, you pack, you stack, you cry, but you keep moving."

Sheperd lost her job at an insurance company a couple of years ago and started getting behind on her mortgage payments.

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Foreclosure Mediation
10:10 pm
Tue October 9, 2012

St. Louis County Council Amends Foreclosure Mediation Plan

(via Flickr/taberandrew)

The St. Louis County Council approved additional changes to an ordinance that requires lenders to offer mediation to homeowners on the edge of foreclosure.

The tweaks to the ordinance include removing the right for homeowners to sue lenders after they’ve gone through mediation, and they come in the shadow of an ongoing legal battle with lenders over whether the county even has the authority to enforce the ordinance.

Councilwoman Hazel Erby first introduced the mediation plan and is confident in the county’s case.  

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Foreclosure Mediation
9:29 pm
Tue September 25, 2012

Bankers Take Legal Action To Block Foreclosure Mediation Ordinance In St. Louis County

(via Flickr/taberandrew)

The Missouri Bankers Association has filed a lawsuit against St. Louis County over a new ordinance that requires lenders to offer mediation to homeowners facing foreclosure.

The trade group’s president, Max Cook, said they plan to argue that it has a laundry list of legal problems. 

“Not the least of which is statute that says when it comes to banking laws, and rules, and regulation, no entity, be it a county, a city, what have you, can pass an ordinance or a rule more restrictive than that of the state of Missouri,” Cook said.

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Foreclosure Mediation
5:13 pm
Wed September 12, 2012

Lenders challenge foreclosure legislation in St. Louis City

(via Flickr/taberandrew)

A new ordinance could offer struggling St. Louis City homeowners an option to help avoid foreclosure.

The program would extend a loan mediation process to any homeowner who requests it from their bank, just like the one passed two weeks ago in St. Louis County. Ignoring this request would cost a lender a $500 fine.

But, banks claim the laws violate state statutes prohibiting government intervention into the foreclosure process.  They say it would mean fewer loans and increased costs.

St. Louis Mayor Francis Slay disagrees.

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Bank records dispute resolved
6:02 pm
Mon April 2, 2012

Schweich announces agreement with Mo. Bankers Assoc. over records access

Mo. Auditor Tom Schweich (R) announces an agreement with the Mo. Bankers Association during a press conference on April 2 at his State Capitol office.
(Marshall Griffin/St. Louis Public Radio)

State Auditor Tom Schweich (R) has announced an agreement with the Missouri Bankers Association over access to bank records.

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Mo. State Auditor
7:14 pm
Tue October 18, 2011

Mo. Auditor Schweich wants legislation assuring his access to bank records

Mo. Auditor Tom Schweich (R) addresses reporters in his State Capitol office regarding proposed legislation that would give his office complete access to bank exam records.
(Marshall Griffin/St. Louis Public Radio)

Missouri Auditor Tom Schweich (R) will push for legislation next year he says will enable his office to oversee the state’s Division of Finance without interference from state agencies or private entities.

The proposed bill is, in part, the result of an ongoing legal battle with the Missouri Banker’s Association.  Schweich says the MBA is seeking to block his office from examining how the Finance Division examined the records of a number of failed banks in Missouri.

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