COLUMBUS, Ohio—Corporate One Federal Credit Union said it has received certification to receive payments via the RTP network developed by The Clearing House (TCH), becoming one of the first corporates and wholesale financial providers to receive such certification.
NEW YORK–A new analysis won’t come as a big surprise to many in credit unions, as it suggests a rise in delinquency rates from out-of-work consumers, less demand for house buying and tighter mortgage restrictions will lead to the U.S. market shrinking in 2020.
WASHINGTON – Many Americans have started to develop an affinity for working from home, and hope to continue to be able to do so, according to a new Gallup Poll.
WASHINGTON–Buyers are coming back to the housing market much faster than expected. Demand kept mortgage application in the positive last week, up 0.3% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
ARLINGTON, Va.—On a seasonally-adjusted basis, overall consumer prices fell 0.8% in April, the second decline in a row and largest one-month drop since December 2008. The Bureau of Labor Statistics reported that the overall consumer price (CPI) grew by 0.4% over the 12-month period.
NEW YORK–Many banks expect the Paycheck Protection Program to act as a major revenue source over the coming months, while also helping existing borrowers who are at risk of defaulting and driving up already heavy credit costs, according to a new analysis released by S&P Global Market Intelligence.
COSTA MESA, Calif.–Retail banks face a major customer satisfaction challenge as consumers increasingly switch to digital-only engagement, according to a new report from J.D. Power.
ALEXANDRIA, Va.–NCUA has sent a Regulatory Alert to credit unions encouraging them to advise any mortgage borrowers with a need to immediately access their funds that they have the option of forgoing waiting periods for some of the loans as a result of the coronavirus pandemic.
NEW YORK–“Millions” of small business owners could be looking to leave big banks and switch financial institutions following their experiences in filing Paycheck Protection Program loan applications, according to one new report.
WASHINGTON– The Federal Housing Finance Agency (FHFA) has announced Fannie Mae and Freddie Mac are now making available a new payment deferral option for borrowers affected by the coronavirus pandemic.
