WASHINGTON—The Office of the Comptroller of the Currency is reporting that of the first-lien residential mortgages included in its quarterly mortgage performance report, 97.2% were current and performing at the end of the third quarter, up from 95.6% a year ago.
Fresh Today
MADISON, Wis. – The 17 credit unions and three system organizations that currently make up The Lab at Filene will begin testing four concepts in 2023 designed to “grow the bottom line of credit unions and create a deeper impact on credit union members,” according to the organization.
MADAWASKA, Maine.–NorState FCU has named a new president and CEO to succeed the retired Susan G. Whitehead, who held the position for nine years. The $240-million NorState has named Jeffrey Davenport to lead the organization.
ARLINGTON, Va.—Total retail sales declined 0.6% in November after rising 1.3% in October.
SILICON VALLEY, Calif.--Meriwest Credit Union said it has opened its field of membership to members of the Financial Fitness Association (FFA), saying one goal is to raise awareness and promote financial control among the new members.
SANTA FE, N.M.–A new analysis by DepositAccounts has taken aim at how much consumers can save — or “leave on the table” — by shopping/not shopping for the best annual percentage yield on checking and savings accounts, and the numbers are “significant,” the company said in releasing the findings.
NEW YORK—Even though this year’s Black Friday sales revenue dipped from levels seen in 2021, there is a bright spot to be found in digital payments, according to one analysis.
LONDON–With travel perks highly prized by most cardholders, a majority still say they would be willing to give their valuable, hard-earned credit card points and rewards to someone they care about as a gift, according to a new survey.
NEW YORK—Nearly half of all gift card sales occur in the last two months of the year, and that trend is expected to continue in 2022, a new report indicates.
WASHINGTON–After some fintechs and other providers have claimed or implied they carried or carry FDIC insurance, the federal bank regulator has proposed a new rule that seeks to eliminate such misrepresentations.