Fresh Today

WASHINGTON—Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned evictions until at least Jan. 31, 2021, the Federal Housing Finance Agency (FHFA) announced.

LOWELL, Mass.—Jeanne D’Arc Credit Union said it has selected Fiserv to provide it with new technology solutions, including its DNA core solution.

BOSTON — Home Depot has reached a $17.5 million settlement with the attorney generals of 46 states and the District of Columbia over a 2014 data breach that exposed the payment card information of some 40 million customers.

ALBUQUERQUE, N.M.–US Eagle FCU here is partnering with New Mexico Gas Co. to help 85 families across the state affected by the COVID-19 pandemic with their utility bills.

WASHINGTON—CARES Act provisions providing Troubled Debt Restructuring (TDR) and Central Liquidity Facility (CLF) relief will expire Dec. 31 and should be extended, CUNA wrote to the House Financial Services Committee. Separately, NAFCU is calling on the CFPB to provide more flexibility as the result of virtual markets.

BROOKFIELD, Wis.—Fiserv has become the newest corporate partner of the African American Credit Union Coalition (AACUC).

WASHINGTON—The Consumer Financial Protection Bureau has refreshed its public website, consumerfinance.gov, while separately taking action against a number of debt settlement and telemarketing firms for numerous violations of the law.

WASHINGTON–The 2021 National Defense Authorization Act (NDAA) has emerged from conference committee in Congress absent language that was strongly opposed by credit unions and which would have granted banks lease access to military bases on par with CUs.

WASHINGTON–Both credit union trade groups have been actively working Congress on the National Defense Authorization Act (NDAA), the annual defense bill of nearly $1 trillion in military spending, to ensure a provision providing banks with access to military bases is removed. But those efforts may become moot as President Trump is threatening to veto the bill.

WASHINGTON–The nation’s federally insured banks reported profitability improved during the third quarter when compared to the first half of 2020, even as the combined net interest margin fell to a record low, according to data released by the FDIC.