WASHINGTON—The Consumer Financial Protection Bureau has issued two final rules related to qualified mortgage (QM) loans. Consumer groups have responded by saying both rules will work to the “detriment” of homeowners.
Fresh Today
LAKE MARY, Fla.–Just how rampant was fraud in the Paycheck Protection Program (PPP)? One lender is reporting at least a dozen scammers who were turned down by his bank for PPP loans because of fraud then “followed up to taunt us they got their loan” from another lender.
IRVINE, Calif.–The pandemic has had more than just a silver lining for American homeowners: it’s gold, as they are approximately $1 trillion richer as a result.
ST. PETERSBURG, Fla.—PSCU has launched a new digital solution—Digital Issuance.
TOTOWA, N.J.–North Jersey FCU has named a new president/CEO. The $238-million NJFCU said it has selected Anna Lo to lead the organization effective Jan. 4, succeeding Lourdes Cortez, who is retiring after 37 years of service at the CU.
MADISON, Wis.— CUES has introduced the High Performing Board Digital Series, which it said will allow CU directors to take a deep-dive look into ways to improve overall board performance and also gain insights on ways to up their governance game.
LONDON—Global spend on anti-money laundering (AML)/Know-Your-Customer (KYC) and related financial crime and compliance activities is projected to total a record $1.2 billion in 2020, according to two new research reports published by Burton-Taylor International Consulting.
NEW YORK–Here’s something else for which 2020 will be remembered: American consumers have set an all-time record in paying down credit card debt.
LONDON–The ATM Industry Association is reporting it has launched an official global certification system for Next Gen ATMs, the culmination of a four-year long industry project to create a new API App model for ATMs, integrating ATMs and mobile phones in “one seamless new ecosystem.”
WAILUKU, Maui–Maui County FCU has broken ground on a new headquarters. The project is being overseen by Chesterfield, Mo.-based design/build firm NewGround.