WASHINGTON–First-lien mortgages saw a decline in performance during the first quarter of this year, with 94.2% of mortgages being current and performing at the end of the quarter, down from 96.5% a year earlier, according to the Office of the Comptroller of the Currency (OCC).
Fresh Today
NAPERVILLE, Ill.–A national effort is underway to get love for credit unions to go viral and trend across social media platforms on July 30.
SCOTTSDALE, Ariz.–Two start-up companies reaped billions of dollars in fees by processing one third of all Paycheck Protection Programs this year, according to a new analysis.
WASHINGTON—Calling for an accurate, fair, transparent, and equitable credit reporting system, NAFCU sent a letter to the House Financial Services Committee ahead of a hearing that examined proposals to overhaul credit reporting.
WASHINGTON—Ahead of the House committee markup of appropriations bills (FSGG), NAFCU has again expressed its concerns over efforts to provide banking services through the postal service.
WASHINGTON—Federal Housing Finance Agency (FHFA) Acting Director Sandra Thompson is being urged by NAFCU to consider the credit union perspective about recent amendments to the government-sponsored enterprises' (GSEs) Preferred Stock Purchase Agreements (PSPAs) and the impact on credit unions' ability to provide temporary GSE qualified mortgages through the GSE Patch.
WASHINGTON—The Consumer Financial Protection Bureau has issued a report highlighting legal violations identified by the Bureau’s examinations in 2020—and some findings are “concerning.”
BEAVERCREEK, Ohio—Doug Fecher, president and CEO of Wright-Patt Credit Union, has announced he plans to retire effective Dec. 30, 2021.
SUN VALLEY, Idaho–The vice chair of the Federal Reserve has compared plans for any central bank digital currency (CBDC) to “parachute pants.”
WASHINGTON—A new report shows U.S. regulators have imposed fines and penalties totaling $2.5 billion on crypto firms and individuals to date.