CHARLOTTE, N.C.–The nation’s banks have collected $114 billion more in fees than they paid in interest over the past decade, according to a new analysis.
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NEW YORK—The nation’s largest banks continue to take a hard stance on employees who are not vaccinated against the coronavirus, with Citigroup the latest to announce that its U.S. employees who had not been vaccinated as of Jan. 14 have been placed on unpaid leave and will be fired at the end of the month.
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.
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.