CHICAGO—Alliant Credit Union reported it has closed on more than $52 million in financing for two student housing properties.
Fresh Today
JACKSONVILLE, Fla.–Jax Metro Credit Union is expanding and continuing to rebrand itself after merging into North Carolina-based Self-Help Credit Union some five years ago.
BRUSSELS, Belgium—Officials at the European Commission, the European Union's executive branch, have made public draft legislation that would seek to apply the FATF's so-called “travel rule” for crypto assets.
SAN FRANCISCO—Square is launching banking services for small businesses as it seeks to grow beyond payments processing.
MENLO PARK, Calif.—Robinhood Markets’ cryptocurrency arm expects to pay a $30-million fine to settle a New York state probe into its cybersecurity and anti-money-laundering practices, the mobile investing firm said in regulatory filings, a sharp increase from an earlier estimate of the potential penalty, The Wall Street Journal reported.
SAN FRANCISCO—Visa has agreed to acquire Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments, Visa reported.
ALEXANDRIA, Va.–Credit unions are being urged to review a rule that temporarily amends certain mortgage servicing requirements under the Consumer Financial Protection Bureau’s Regulation X to assist borrowers affected by the COVID-19 emergency.
WASHINGTON—Legislation that would cap all fees and interest at 36% would make it more difficult for many consumers to obtain credit, CUNA, NAFCU and other organizations wrote Senate Banking, Housing, and Urban Affairs Committee leadership.
WASHINGTON–The Biden Administration has announced additional help for borrowers who are behind on mortgage payments due to COVID-19 as many forbearance programs are set to expire.
ARLINGTON, Va.–Even as the White House introduces updated relief for those behind on their mortgages due to COVID-19 (see related story), one credit union economist isn’t expecting CUs to feel much of the brunt of expiring moratoriums on evictions.