WASHINGTON–Newly released minutes from the Federal Reserve’s most recent meeting in December indicate the Fed may move more quickly to raise rates than many have predicted.
Fresh Today
WASHINGTON—Changes in the complaint responses provided by nationwide consumer reporting companies resulted in “fewer meaningful responses and less consumer relief,” according to a new analysis by the Consumer Financial Protection Bureau (CFPB).
WASHINGTON—The Federal Housing Finance Agency (FHFA) has announced a targeted increase to the government-sponsored enterprises' (GSEs) – Fannie Mae and Freddie Mac – upfront fees for certain high balance and second home loans. The increases go into effect April 1.
NEW YORK–NCUA has reached another settlement in its long-running litigation with banks and other firms that sold mortgage-backed securities to corporate credit unions.
WASHINGTON—The Expanding Financial Access for Underserved Communities Act would significantly address the epidemic of the unbanked and underbanked, CUNA wrote to the Senate Banking, Housing, And Urban Affairs Subcommittee on Housing, Transportation, and Community Development.
BROKEN ARROW, Okla.–Western Sun FCU has named a new CEO and also announced a year-end bonus dividend.
PLANO, Texas—SWBC will host a free, one-hour webinar Jan. 19 that it said will review last year’s economy and look ahead to what CUs can expect in 2022.
WASHINGTON–In separate comment letters, both CUNA and NAFCU have expressed concerns to the CFPB over its section 1071 Proposed Rule, which would require both credit unions and CUSOs that originated at least 25 covered small business credit transactions in each of the two preceding calendar years to collect and report certain small business credit application data.
WASHINGTON—Members of the Senate Banking Committee discussed during a hearing how Community Development Financial Institutions (CDFIs) can better support underserved communities. Much of the discussion was around strengthening CDFIs in addition to call Congress to work together to address regulatory changes that will benefit the institutions.
NEWARK, N.J.—A California man has pleaded guilty to running a $50 million fraud scheme using fake websites that advertised high returns on certificates of deposit.