WASHINGTON—The Federal Housing Finance Agency (FHFA) announced it will re-propose its rule – likely sometime next year – to set capital requirements for the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac.
Fresh Today
WASHINGTON—Credit unions shouldn’t put those furloughed workers assistance programs back in the drawer just yet. The House has passed a short-term spending bill to extend federal government funding through Dec. 20.
CINCINNATI—Car lease credit applicants registered a 68.8% approval rate in October, a modest dip from the September rate of 72.9%, a new report shows.
RANCHO CUCAMONGA, Calif. –CO-OP Financial Services said it will sponsor NACUSO’s Next Big Idea competition, awarding $10,000 for innovative ideas to propel credit union growth.
ALEXANDRIA, Va.–The NCUA hosted its annual briefing here on its proposed 2020-2021 budget, and transparency and prudent management of funds were key matters discussed.
ALEXANDRIA, Va.—Greater accountability and efficiencies, an extended examination cycle, and improved transparency with regard to how the Overhead Transfer Rate (OTR) is determined were key issues addressed by the three CU trade groups Wednesday during the agency’s annual budget briefing.
ATLANTA—The average auto loan amount continues to rise, as does the amount of money being asked for by subprime borrowers, reports Equifax, which further said the total loan number is down.
EAST HAVEN, Conn. — A former credit union CEO was sentenced to one day in prison for fraud.
INDIANAPOLIS–John M. Floyd & Associates (JMFA), which has relationships with numerous credit unions, has been acquired by HKW, a middle-market private equity firm focused on growth-oriented companies.
WASHINGTON–The FDIC has unanimously approved the merger application submitted by Bank Branching and Trust Company (BB&T) in Winston-Salem, N.C., to merge with SunTrust Bank of Atlanta.