WASHINGTON–The number of first-lien mortgages that were current and performing declined five percentage points in Q2 2020 compared with Q2 2019, according to a new report from the Office of the Comptroller of the Currency (OCC).
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CHICAGO–Serious delinquency rates in August improved once more across all consumer credit segments even as the number of people in accommodation programs dropped for the second consecutive month, but there could be “potential challenges in the near future,” according to a new report from TransUnion.
WASHINGTON–CUNA and its federal PAC, the Credit Union Legislative Action Council (CULAC), have launched what they are calling an “ad blitz” in support of four incumbent senators who are up for reelection in November.
WASHINGTON—The Internal Revenue Service has offered an update related to reporting requirements for Paycheck Protection Program (PPP) loans forgiven under the CARES Act.
MADISON, Wis. – Lindsey Walker, executive assistant with Tampa Bay FCU in Florida, has been named the 2020 CUES Emerging Leader.
WASHINGTON—The CFPB has extended the deadline for a survey related to its small business data collection rulemaking until Oct. 16.
WASHINGTON—CUNA said it supports the Setting an American Framework to Ensure Data Access, Transparency, and Accountability (SAFE DATA) Act, which was introduced this week in conjunction with a Senate Commerce Committee hearing.
CHESTERFIELD, Mo.—NewGround has again made the St. Louis Business Journal’s Top 150 Privately Held Companies listing, the company reported.
FARMINGTON, N.M.—Two New Mexico credit unions have announced plans to merge. The $149-million Animas CU said it will merge into the $2.9-billion Sandia Laboratory FCU, with plans to complete the combination by March 2021.
WASHINGTON–The CFPB said it has settled with Lobel Financial Corp., an auto-loan servicer, based in Anaheim, Calif., the Bureau had alleged engaged in unfair practices with respect to its Loss Damage Waiver (LDW) product in violation of the Consumer Financial Protection Act (CFPA).