ONTARIO, Calif.–Credit unions in California and Nevada are seeing an “abundance” of loan volume from mortgages and business loans, but like the rest of the country are also seeing even more abundance with deposits, according to new data from the California and Nevada Credit Union Leagues.
Fresh Today
PONTIAC, Mich.–The biggest wholesale mortgage originator in the United States has announced plans to merge with a special-purpose acquisition company (SPAC) in a deal that will take it public at a valuation north of $16 billion.
PARIS–A new effort is underway in Europe to challenge the dominance of the biggest players in payments.
ANN ARBOR, Mich.–CU Lunch Local is reminding that even with the COVID-19 pandemic, plans remain in place again this year for CUs to be involved in a national effort aimed at supporting one segment of small businesses during International Credit Union Week.
CHEYENNE, Wyo.– The Wyoming Division of Banking has announced a one-year deal with Chainalysis in a bid to monitor cryptocurrency activity on blockchains.
WASHINGTON—The Office of the Comptroller of the Currency (OCC) said it has reached settlements with three former senior executives of Wells Fargo Bank, N.A., Sioux Falls, South Dakota, for their roles in the bank’s “systemic sales practices misconduct.”
WASHINGTON—U.S. authorities have sanctioned two Russian nationals for allegedly defrauding several cryptocurrency exchanges of a combined $17 million.
WASHINGTON—The Government Accountability Office (GAO) has released a report on the Federal Government’s COVID-19 response, including a review of the Paycheck Protection Program, offering new findings and suggesting “uncertainties” remain for many lenders.
RANCHO CUCAMONGA, Calif. – Consumers show a preference for having a single financial services provider, while those feeling the stress of “financial fragility” are most likely to move to a new provider, two findings that suggest credit unions are strongly positioned in the current marketplace, according to a new survey.
WASHINGTON—CUNA is reporting its board has approved a resolution to adjust 2021 affiliation dues to provide relief for credit unions. The trade group said additional details will be released in the Fall.