WASHINGTON—Student loan servicing contractors to the federal government are being instructed to hold off on sending billing statements ahead of an Aug. 31 deadline for ending the pandemic freeze on loan payments, leaving many in limbo and potentially signaling the freeze will be extended.
Fresh Today
WOODLAND HILLS, Calif.–The ongoing supply chain issues, low inventories and high car prices has led to a resurgence for the auto repo man. And as one credit union’s portfolio indicates—it has seen a doubling of delinquencies in its used car portfolios—the repo man may be busy for a while.
AURORA, Colo.–The first half of 2022 has been a record-setting six months when it comes to lending on the CU Direct/Origence platforms.
AURORA, Colo.–The auto sales and financing markets may be in a state of unprecedented flux, but with the exception of consumers, everyone is winning from manufacturers to dealers to lenders, with the biggest winners right now being credit unions, according to one expert.
Origence Lending Tech Live Coverage: NCUA Vice Chair Talks Blockchain, Service Levels, CECL and More
AURORA, Colo.–NCUA Vice Chairman Kyle Hauptman discussed his priorities, views on blockchain, CECL and more during a “fireside chat” here.
WASHINGTON—As Congress considers a path for nonbanks to be allowed to issue stablecoins, one Treasury official says there will be no objections from agencies that once recommended issuers be regulated as banks.
WASHINGTON—The House should pass remote online notarization and Community Development Financial Institutions (CDFI) improvement legislation, CUNA wrote to House leaders.
ALBUQUERQUE, N.M.—The Credit Union Association of New Mexico and the Defense Credit Union Council (DCUC) have announced a partnership aimed at providing credit union support to veteran and first responder members and staff in the state.
WASHINGTON—Americans are known for racking up credit-card debt, but just how much total debt has been accumulated is “shocking,” according to one new analysis.
WASHINGTON – The Consumer Financial Protection Bureau has penalized Hyundai Capital America for repeatedly providing inaccurate information to nationwide credit reporting companies and failing to take proper measures to address inaccurate information once it was identified between 2016 and 2020, the agency reported.