WASHINGTON–Two national consumer groups and two credit unions said NCUA’s new CUSO proposal would allow CUSOs to engage in predatory lending that is explicitly illegal for federal credit unions.
Fresh Today
RANCHO CUCAMONGA, Calif.–CO-OP Financial Services is reporting an unrealized gain of $156-million based on its investment in Alkami, which held an initial public offering (IPO) on April 14.
WASHINGTON–A familiar name has been selected as the new head of federal student aid in the Biden administration, a post that will put him at the center of the debate over forgiving student debt.
WASHINGTON — Federal Reserve Chair Jerome Powell said he would support subjecting non-depository institutions, such as fintechs, to the Community Reinvestment Act, but added any final decision should be left to Congress.
WASHINGTON–Lenders across the country are reporting they largely continue to ease their underwriting standards for both commercial and household borrowers, according to a new survey, although there are some exceptions.
DAYTON – Universal 1 Credit Union has named a successor to President/CEO Loren A. Bush, who plans to retire in October.
SAN ANTONIO–Two Texas credit unions have announced a merger. The $60-million First Class American Credit Union and its 6,000 members has merged into the $300-million United Texas Credit Union in Fort Worth.
BALTIMORE, Md.–Four organizations, including three CUs, have invested $5 million in Think|Stack, a cloud and cybersecurity firm that specializes in credit unions, forming a CUSO.
DALLAS—ALM First, which serves more than 300 financial institutions nationwide, is reporting it has surpassed $55 billion in assets under management.
WASHINGTON—The nation’s largest apartment landlords, which collectively own more than two million units, are being cautioned over any evictions by the CFPB and the FTC.