WASHINGTON—The federal government said it now plans to backstop mortgages of more than $1 million for the first time in high-cost markets, including portions of California and New York.
Fresh Today
MIAMI–Among the thousands of pieces of artwork on display here for Miami Art Week is an ATM with a twist: it ranks those withdrawing funds according to the balance in their accounts.
YONKERS, N.Y.– NCUA has issued a cease and desist order to Yonkers Postal Employees Credit Union in New York.
KENT, Wash.–New CEOs have been named at two credit unions.
WASHINGTON—The House Financial Services Committee has announced its December hearing schedule, with several items of note for credit unions on the docket, according to NAFCU.
RANCHO CUCAMONGA, Calif.–Co-op Solutions has announced the theme for its 2023 THINK Conference: “The Invisible Revolution.”
WASHINGTON—Credit unions are consistently willing to refinance small balance loans, but face systemic challenges to refinancing those loans, according to CUNA.
NEW YORK—Even though Americans are feeling budget pressures from high inflation and rising prices, they nevertheless spent the Thanksgiving/Black Friday/Cyber Monday weekend shopping— both online and off — and dining out, leading to double-digit sales growth.
ATLANTA– Atlanta Postal Credit Union has awarded one member more than $16,000 as the winner of an auto loan payoff promotion.
DES MOINES, Iowa–Curql Collective said it has added two new companies as new ecosystem partners.