WASHINGTON—In what will be no surprise to buyers, sellers and credit unions making mortgage loans, the single-family housing market was particularly strong in 2020. A new survey of consumers also offers new insights into how they view the housing market.
WASHINGTON—A number of leadership changes have been announced at the Financial Crimes Enforcement Network (FinCEN).
SIOUX FALLS, S.D.–The ATM Industry Association has published a public position paper recommending the widespread adoption of Universal Cash Deposit systems and standards for ATM networks worldwide.
ATLANTA—The U.S. Court of Appeals for the Eleventh Circuit has ruled a website is not considered a place of public accommodation in a lawsuit involving the Americans with Disabilities Act (ADA).
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) increased in March by 5.2 points to 81.7. Four of the HPSI’s six components increased month over month, including the components related to homebuying and home-selling conditions, household income, and home prices.
ARLINGTON, Va.—NAFCU has written to the Federal Reserve to offer the association’s support for an interim final rule (IFR) concerning temporary asset threshold relief for community financial institutions.
WASHINGTON—In response to a recent call by a bank trade group for congressional hearings on CU acquisitions of banks, CUNA has sent a letter to all 535 congressional offices saying such purchases help keep locally owned financial institutions in communities.
LOS ANGELES–University Credit Union said it has entered into a 10-year partnership with the University of California, Davis that includes increased funding for student initiatives and upgrades of The Pavilion arena, new financial literacy and wellness programs, increased access to financial services on campus, and availability of UCU membership benefits to all students, alumni and retirees, staff and faculty.
GREENBELT, Md.–Another person has been charged with PPP fraud in which more than a million dollars was misused to buy three-dozen luxury cars, make mortgage payments and more.
SACRAMENTO, Calif.–Beginning this weekend, the annual Credit Union SacTown Run will again be held virtually due to the COVID-19 pandemic, with participants across California and Nevada running or walking the equivalent of a 5K on their own. Participants in the event—which benefits Children’s Miracle Network (CMN) Hospitals—will have until April 20 to complete their 5K run/walk.
