Banking Department Bureau Director Elected Chairman of Multi-State Mortgage Committee

Oct 21, 2010, 15:43 ET from Pennsylvania Department of Banking

HARRISBURG, Pa., Oct. 21 /PRNewswire-USNewswire/ -- A Pennsylvania Department of Banking bureau director has been chosen to chair the Multi-State Mortgage Committee, a panel created by state financial regulators to coordinate examination and supervision of the largest mortgage lenders and brokers under state jurisdiction.

Donald DeBastiani leads the Banking Department's Bureau of Non-Depository Examinations, where he oversees examination of companies involved in activities such as mortgages, auto finance and debt management.

"The selection of Don to this national leadership post is a great tribute to his dedication to protecting both consumers and the integrity of the financial services marketplace," said Secretary of Banking Steve Kaplan.

DeBastiani, of Camp Hill, succeeds John Prendergast, formerly of the Massachusetts Division of Banks.

The Department of Banking urges consumers to "do their homework" before entering into business with any financial company, especially companies offering loan modifications. Consumers can learn about companies licensed or chartered by the Department of Banking at www.banking.state.pa.us and 1-800-PA-BANKS.

Media contact: Ed Novak, 717-783-4721

SOURCE Pennsylvania Department of Banking



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http://www.state.pa.us