Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
HUD issues carbon monoxide notice
In an effort to protect families living in federally subsidized housing from potentially deadly carbon monoxide (CO), HUD yesterday sent all public housing authorities and private owners of HUD-subsidized housing a notice to remind and encourage them to install working CO detectors in their properties. The notice reminds HUD-subsidized housing providers of their legal obligation to install working carbon monoxide detectors in those jurisdictions where these devices are required. In those states and local communities where CO detectors are not required, the Department is strongly encouraging housing authorities and owners to install them. Additionally, HUD indicated that it will propose new regulations to require working CO detectors in all HUD-subsidized housing programs nationwide.