WASHINGTON–Attorneys general in seven Republican-led states have filed lawsuits over the Biden Administration plan to forgive some federal student loan debt.
Fresh Today
ST. LOUIS–A member of the Federal Reserve’s Board of Governors said the growth of credit unions and other non-bank financials should be factors that are considered moving forward when the Fed is considering bank mergers.
WASHINGTON—Following a speech in which Federal Reserve Board Governor Michelle Bowman addressed how credit unions are indicative of the changing community banking landscape that should factor in how the Fed treats bank mergers, NAFCU has sent a letter that states CUs play a “unique and competitive role in the marketplace,” but are also often more heavily regulated than community banks.
WASHINGTON—The Consumer Financial Protection Bureau is suing MoneyLion Technologies, an online lender, and 38 of its subsidiaries, for imposing what it said are illegal and excessive charges on servicemembers and their dependents.
MINNEAPOLIS–A new CUSO formed by four credit unions to make infrastructure loans and loans on larger projects has its first deal.
ALEXANDRIA, Va.–In conjunction with the FBI, Treasury Department, and the Wisconsin Department of Financial Institutions, NCUA will host a webinar on protecting against ransomware attacks for both credit unions and members.
WASHINGTON–Six of the nation's largest banks will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial risks, according to the Federal Reserve, which will be conducting the exercise.
NEW YORK–More Americans are starting to miss payments and default on their loans, and that is showing up in what one report called a “surprising place”: Goldman Sachs.
DENVER– Westerra Credit Union is reporting it is implementing its 2023 baseline conforming loan limits early, and is now giving homebuyers the opportunity to take advantage of better loan terms up to $715,000 for a single-family home versus the 2022 conforming loan limit of $647,200.
NEW YORK—While credit scores increased during the first year of the pandemic, they continue to hold steady even as inflation has continued to drive up the prices for goods and services, according to a new report from Money.