WASHINGTON—Is the long tradition of the 30-year mortgage in the U.S. on its way to becoming the 40-year mortgage? It could be, and one plan to extend terms has the support of the credit union trade groups.
Fresh Today
WASHINGTON—A crypto milestone has been reached by the 118th Congress, which has now seen 50 bills and resolutions introduced related to regulating Crypto.
WASHIINGTON–Many political analysts are already forecasting that November’s elections will bring a change in the majority in Congress from Democratic control to Republican control. What might such a change mean to credit unions and the credit union agenda in Washington?
ALEXANDRIA, Va.–NCUA has issued two prohibition orders and one notice of prohibition in May. These individuals are prohibited from participating in the affairs of any federally insured depository institution.
WASHINGTON–Recommendations for the oversight of certain non-banks and fintechs based on risk determination have been made by CUNA in a letter to the Consumer Financial Protection Bureau.
WESTBROOK, Maine–The Maine Credit Unions’ Campaign for Ending Hunger today is launching its third annual $100,000 Challenge.
MADISON, Wis.–Seventy-eight credit union professionals in Ukraine participated in online meetings with a professional psychologist that were set up by World Council of Credit Unions' Credit for Agriculture Producers (CAP) Project, a USAID-funded activity.
TEMPE, Ariz.–Carvana, which has upended the used car business over the past several years and with which some credit unions have forged lending relationships, has seen 92% of its market value disappear over the past nine months and it is now pivoting as it seeks to reverse the trendline, including making loans to riskier buyers.
MINNEAPOLIS—Many of those on the front lines of fighting fraud say their financial services employers could be doing more to help in the cause and that fraudsters have better tools than they do, according to new research.
NEW YORK–The pressure on credit unions to recruit and retain front-line personnel is only increasing after Bank of America Corp said it has now raised its U.S. minimum hourly wage to $22. As CUToday.info reported earlier, the increase brings the bank one step closer to its pledge to pay workers $25 an hour by 2025.