FARGO, N.D.–Three credit union leaders have been honored by the Dakota Credit Union Association for their “outstanding individual achievements.” The trio received their awards during the recent awards banquet at the Delta Marriott Convention Center in Fargo, N.D.
Fresh Today
BOSTON–Sixteen credit unions have invested in a new CUSO that is partially owned by Posh Technologies, a fintech that was spun out of MIT’s artificial intelligence lab.
MADISON, Wis.–Among the areas of expertise many credit union associations have had to build in the pandemic of the past 15 months is the ability to effectively host virtual annual general meetings.
WASHINGTON–In news that will not surprise CU members who are home shopping or CUs themselves that offer mortgages, U.S. home prices rose nearly everywhere in the first quarter.
DETROIT–While the housing market is as hot as ever, the mortgage market appears to be cooling a bit, according to one new analysis. Even as home values climb, lenders are preparing for mortgage demand to cool in the coming months, the result of rising interest rates that make refinancing less attractive for a huge chunk of borrowers, the Wall Street Journal reported.
WASHINGTON–The new acting director of the Office of the Comptroller of the Currency said the agency will soon introduce a review of “key regulatory standards” while also working to solve “urgent problems.”
PURCHASE, N.Y.—Mastercard said it was working with the Chinese central bank – the People’s Bank of China – to discuss the prospect of making its planned digital yuan interoperable across borders.
JERUSALEM–Israel’s central bank said it is once again considering issuing a digital shekel that would create a more efficient payments system.
NEW YORK–The country’s largest issuers are reporting cardholders are paying down their debt at levels not seen in years. While good news for consumers, for issuers the paydowns have meant a decline in income, and as a result many are spending more on marketing and loosening their underwriting standards.
WASHINGTON–The American Bankers Association has a comment letter critical of two NCUA proposals related to risk-based capital. Ironically, one of the proposals is based on a model used for community banks.