NEW YORK—Businesses with ties to the U.S. shouldn’t take much from a recent dip in the number of Foreign Corrupt Practices Act cases, a former federal prosecutor is saying.
Fresh Today
ALEXANDRIA, Va.—Warning the agency continues to see a slow, steady decline in the National Share Insurance Fund (NCUSIF) equity ratio, Chairman Todd Harper told credit unions NCUA will be monitoring the performance of the fund closely and will be “ready to act"--but there are no plans for a premium.
ARLINGTON, Va.—New home sales fell 16.6% in April to 591,000 annualized units, while March saw a downward revision of 54,000 units. The sales slowdown comes even as rates have declined nationally for a second straight week.
WASHINGTON–The dwindling rate of homeownership isn’t just due to high home prices, but also to lenders not making enough small-dollar mortgages that help families with modest incomes to purchase a property, according to the Center for Responsible Lending.
CHARLOTTE, N.C. –Bob Bruns, president and CEO of Charlotte Metro FCU, has announced plans to retire.
NEW YORK—A troubling sign is emerging in the buy now, pay later (BNPL) space, according to a new report.
FORT LEE, N.J.– NCUA has extended its approval for a new charter application for Diverge, a proposed federal credit union that says its mission is to advance economic empowerment for historically marginalized and unbanked communities.
WASHINGTON—The Federal Trade Commission, through its refund administrator, is mailing 690,000 checks totaling more than $152 million to consumers who lost money to a massive payday lending fraud scheme operated by AMG Services, Inc. and the company’s owner, Scott Tucker.
ARLINGTON, Va.–The downturn in the price of various bitcoin combined with stablecoins that have proved to be not so stable has led to renewed interest in Washington over bringing more oversight to the cybercurrency landscape. That’s a move that would be welcomed by NAFCU, said VP-Legislative Affairs Brad Thaler.
WASHINGTON—Saying it’s seeking to spur innovation in financial services by promoting competition and identifying stumbling blocks for new market entrants, the Consumer Financial Protection Bureau has established a new Office of Competition and Innovation.