WASHINGTON –The Agriculture Department has announced $67 million in “competitive loans” through the new Heirs’ Property Relending Program. The program aims to help producers and landowners resolve heirs’ land ownership and succession issues.
Fresh Today
MADISON, Wis.–Mid-year data for credit unions indicate the credit union industry average net worth ratio has declined approximately 140 basis points below where it stood at the beginning of 2020. And even though the decline is greater than that which occurred during the Great Recession, it isn’t the result of write-offs and loan losses, according to CUNA.
WASHINGTON–The $500-billion-plus infrastructure bill working its way through Congress is being hailed as an example of bipartisanship, but what will it mean to the economy overall?
It’s a tough question to answer, acknowledged NAFCU’s chief economist, Curt Long, especially since exactly what is in the 2,700-page bill has yet to be revealed.
MADISON, Wis.–The demographics of credit unions aren’t helping loan volume, which is why CUs must work harder to penetrate younger consumers, according to CUNA’s chief economist.
ARLINGTON, Va.–Credit unions and various consumer groups often align on issues, but not always, as is the case on legislation before Congress that would create a national interest rate cap of 36%.
WASHINGTON–NCUA Chairman Todd Harper will be among three federal financial regulators who will testify before Congress today.
WASHINGTON—Fannie Mae and Freddie Mac have extended the moratorium on single-family real estate owned (REO) evictions until Sept. 30, 2021, the Federal Housing Finance Agency (FHFA) announced.
BINGHAMPTON, N.Y.–Two more New York credit unions have announced plans to combine.
WASHINGTON– The Consumer Financial Protection Bureau announced two final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned on Nov. 30.
WASHINGTON–Under bankruptcy law, it has always been unclear whether private student loans were dischargeable. But now a new federal court opinion has found the loans are not considered qualified higher education expenses under the U.S. Bankruptcy Code.