Fresh Today

Fresh Today

WASHINGTON—Following questions from members about whether credit unions need to disclose providing gift cards to homebuyers for mortgage milestones, NAFCU said it has been offered guidance by CFPB on how such actions are interpreted under the TILA/RESPA integrated disclosure rule (TRID).

WASHINGTON—The CFPB's Credit Union Advisory Council (CUAC) ends its two-day meeting today, having discussed faster payments, the Bureau's request for information (RFI) on remittances and consumer savings initiatives.

WASHINGTON– The Consumer Financial Protection Bureau has announced a settlement with BSI Financial Services (BSI), a mortgage servicer headquartered in Irving, Texas. BSI Financial Services is the operating name for Servis One, Inc.

NEW YORK–The former CEO of Municipal Credit Union has been sentenced to more than five years in prison for embezzling more than $10 million from the credit union.

NEW YORK–Expectations that the Federal Reserve will start cutting interest rates have surged in recent days, and the Fed funds futures market suggests a better than 50-50 chance that the central bank will announce a cut at its meeting in July, according to one new analysis.