WASHINGTON—A new guide from the Treasury Department is emphasizing the importance of taking a risk-based approach to managing sanctions risks in the context of new payment technologies such as instant payment systems, and to highlight considerations relevant to managing those risks.
Fresh Today
WASHINGTON—The Consumer Financial Protection Bureau’s guidance on “junk fees” issued last week raises several concerns over the treatment of financial institution fees, according to CUNA.
NEW YORK–BuySide, a publication of the Wall Street Journal, has identified what it says is the best overall credit union in the U.S., as well as the best CU for rates, high-yield checking, and high-yield savings—but it should be noted it only considered CUs that were among the “largest ones.”
WASHINGTON–The average rate on the 30-year fixed-rate mortgage surpassed 7% last week to hit its highest level in Freddie Mac’s weekly survey, the first time it has hit that mark since 2002.
WASHINGTON–With the Federal Reserve almost certain to again raise rates this week, a new analysis says the increase will cost American consumers more than $4 billion in additional interest.
CHICAGO–A new study From TransUnion, “Where Will Growth in Mortgage Originations Come From?,” has found that despite an overall decrease in the number of consumers actively seeking a mortgage, some consumer segments remain positioned as potential opportunities for lenders.
SAN FRANCISCO–Approximately 915,000 U.S. children were victims of identity fraud in the past year, costing an average of $1,128 for a single household—$752 for the fraud itself and $376 out-of-pocket to resolve the fraud—while spending 16 hours on resolution overall, according to new research.
WASHINGTON–The Office of the Comptroller of the Currency (OCC) is the latest to announce plans to establish an Office of Financial Technology.
SPOKANE, Wash.–Credit unions and their business partners here joined to raise $1.1 million for 11 Children’s Miracle Network Hospitals located in the region served by the GoWest Credit Union Association during the Credit Unions for Kids auction here.
ST. LOUIS—Keeley Construction reported it is overseeing two new branch renovation projects—one with Jackson Area FCU and the other with WEOKIE FCU.