ATLANTA–Just days after news reports that Equifax had provided incorrect credit scores earlier this year to lenders, the company has been hit with a proposed class action lawsuit.
Fresh Today
MADISON, Wis.–CUNA Mutual Group has released a new “What Matters Now” consumer research that explores multicultural and multigenerational consumer insights.
WASHINGTON–The Defense Credit Union Council (DCUC) has wrapped up its annual conference here.
YREKA, Calif.–Siskiyou Credit Union, which serves the area currently being hit by the McKinney Fire, is reaching out to other credit unions for assistance.
DALLAS–Early-bird pricing will end in two weeks for ALM First’s 2022 Financial Forum, which will be held in person on Sept. 25 – 28, at The Ritz Carlton-Bachelor Gulch in Avon, Colo., the company is reminding.
WASHINGTON—A top federal regulatory official is urging more financial institutions to implement multifactor authentication for all nonpublic systems.
WASHINGTON–The Government National Mortgage Association (Ginnie Mae or GNMA) has issued an amendment to its mortgage-backed securities guide that removes credit unions’ categorization as non-bank mortgage lenders and recognizes CUs as insured depositories regulated by a prudential regulator.
ALBANY, N.Y.—Popular investing app Robinhood Markets will pay New York financial regulators $30 million to settle findings that its cryptocurrency trading division had poor cybersecurity and failed to monitor for illegal transactions.
MADISON, Wis.–Overall credit union lending was up a strong 2.3% in May. Buy with fixed-rate mortgages also hitting their highest mark credit union history, that raises “concerns” about interest rate risk as rates rise, according to CUNA Mutual’s latest Trends Report.
CHICAGO–The first half of 2022 concluded with a “normalization in serious delinquency rates” to pre-pandemic levels for most credit products as lenders continued to expand access to credit cards and personal loans, according to a new TransUnion analysis.