WASHINGTON—Fannie Mae and Freddie Mac have announced the optional use period for the redesigned Uniform Residential Loan Application (URLA) will not begin July 1 as previously scheduled. The redesigned application includes the addition of a preferred language question.
WINSTON-SALEM, N.C.–The combined bank being formed by the mega-merger of BB&T and SunTrust has announced its new name: Truist.
WASHINGTON—The Federal Reserve will host a webinar June 25 to update members of the Fraud Definitions Community Interest Group on efforts by the new Fraud Definition's Work Group.
ST. LOUIS–The new generations of college graduates might be in for a “rude awakening,” according to a new survey, which found the “average college student has seriously unrealistic expectations for both their early and mid-career salaries.”
WASHINGTON–The FDIC is cautioning consumers that it is not affiliated with the website FDIConnect.com, which could be confused with its own site, FDIConnect.gov.
BROOKFIELD, Wis.–Fiserv said new tools and an enhanced user interface incorporated into its Financial Advice Management solution will now enable financial advisors to better assist clients with retirement income planning and risk mitigation through the use of annuities, life, and long-term care insurance.
TUCSON–An 81-year-old man who robbed a credit union here said he did so because he wanted to go back to prison.
ALEXANDRIA, Va.—Alaska continues to perform well in key growth categories, leading the nation in median membership growth and shares and deposit growth, and coming in second in median asset growth, according NCUA’s state-level data for the first quarter of 2019 for all federally insured CUs.
WASHINGTON–Sixty-five House Democrats have signed a letter to CFPB Director Kathy Kraninger calling on the Bureau to immediately withdraw actions that could lead to fewer institutions subject to Home Mortgage Disclosure Act (HMDA) reporting, less data being reported, and that potentially would replace the CFPB’s current HMDA research tool with a new one.
WASHINGTON—In a letter to the CFPB, NAFCU said it supports proposed amendments to Regulation C that would increase the institutional and transactional coverage thresholds that govern reporting of Home Mortgage Disclosure Act (HMDA) data.
