WASHINGTON–The Biden Administration has extended the temporary suspension of interest and loan payments for approximately 40-million federal student loan borrowers.
Fresh Today
WINSTON-SALEM, N.C.––Truliant Federal Credit Union said it has successfully completed the private placement of $50 million in secondary capital. The National Credit Union Administration approved Truliant’s use of secondary capital to “promote institutional growth and to meet the future needs of communities it serves,” according to the credit union.
ALBANY, N.Y.–New York’s Acting Superintendent of Financial Services, Adrienne A. Harris, has requested that New York State-chartered banks and credit unions voluntarily waive wire transfer and processing fees associated with Holocaust reparations payments.
WASHINGTON—The Federal Housing Finance Agency (FHFA) has issued a final rule for the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, that establishes housing goals for 2022-2024.
ALBANY, N.Y. – Gov. Kathleen C. Hochul has signed into law credit union-supported legislation that will allow for the permanent use of remote electronic notarizations in New York.
WASHINGTON–The Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) is seeking nominations for new members of its Bank Secrecy Act Advisory Group (BSAAG). New members will be selected for three-year membership terms.
TORONTO–A new analysis of consumer spending during 2021 shows the number of trips by consumers to the grocery store has increased, more money has been spent on baking, travel expenditures have soared among Americans but declined among Canadians, and more.
WASHINGTON— The Consumer Financial Protection Bureau has taken action against Access Funding and two executives.
SAN FRANCISCO–The nation’s biggest banks are temporarily closing branches across the country as they cope with labor shortages and ongoing complications from COVID-19, including the arrival of the new omicron variant.
BROOKFIELD, Wis.–A new survey from Fiserv confirms the rapid growth of fintechs, and says the reason is the companies’ abilities to enable money management by filling needs for specific capabilities, such as checking credit scores and buying cryptocurrency.