WASHINGTON—The nomination of current NCUA board Chairman Todd Harper to serve a full term on the NCUA board was advanced to the full Senate by the Senate Banking Committee in a 17-7 bipartisan vote while meeting in Executive Session.
Fresh Today
WASHINGTON—The housing market and the broader economy itself are expected to enter a “new normal” in 2022 as the unprecedented market disturbances and policy responses stemming from the COVID-19 pandemic subside, according to the January 2022 commentary from Fannie Mae’s Economic and Strategic Research (ESR) Group.
NEW YORK—Lenders are again welcoming borrowers with less-than-pristine credit, a vote of confidence in the health of the U.S. economy and Americans’ finances, according to one new analysis.
MADISON—CUNA Mutual Group and CarSaver, an automotive e-commerce marketplace and fintech platform, have launched what CUNA Mutual says is the first online marketplace and fintech e-commerce platform for credit unions.
INDIANAPOLIS–J. Kevin Ryan, CEO of Financial Center First Credit Union, has retired after 40 years in credit unions. He has been succeeded by Cam Minges, who had been serving as president. The credit union had earlier divided the two titles.
WASHINGTON—Another credit union supporter in Congress has announced he will not seek reelection.
WASHINGTON–Home sales in the U.S. surged to a 15-year high in 2021 even as the median price for a home rose nearly 17%.
HAUPPAUGE, N.Y.–Teachers FCU has launched three new mortgage loan products under its Smart Mortgage program that it said it will allow more home buyers to qualify.
NAPERVILLE, Ill.– State-chartered credit unions in Illinois will be receiving a credit from the state totaling $1,894,012 in 2022, based on regulatory fees collected last year exceeding expenses, according to the Illinois Credit Union League.
MADISON, Wis.—Sustainable finance will become an increasing area of focus for national-level regulators across the globe in 2022 as financial institutions expand investments in clean energy loans and other environmentally-friendly products, according to a new report from the World Council of Credit Unions (WOCCU).