WASHINGTON—The Federal Housing Administration (FHA) is changing its requirements for high debt-to-income (DTI) ratio and low credit score loans.
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ALEXANDRIA, Va.—NCUA announced registration is open for an “Ask the Regulators” webinar on coming changes to the Current Expected Credit Losses accounting standard.
ARMONK, N.Y.—IBM is paving the way for banks and other regulated financial institutions to get involved with blockchain.
CUPERTINO, Calif.–Apple has unveiled its new Apple Card by calling it the most “significant change in the credit card experience in 50 years.” But what do analysts think now that they’ve had the opportunity to review its features?
ALEXANDRIA, Va.–NCUA said it will be accepting comment on a new recordkeeping system related to examinations, according to a notice published in the Federal Register.
WASHINGTON—While credit unions provided loans to consumers when banks pulled back during the financial crisis, a new paper suggests credit unions did not perform as well when it came to home equity lending—but also says members themselves may have played role.
TAMPA, Fla.–GTE Financial Credit Union is rolling out a new advertising campaign that focuses on what it calls the “tremendous philanthropic outreach” conducted each year by its employees and members. The campaign will include both television and radio advertising.
SEATTLE—Amazon has partnered with Western Union to set up a service called PayCode that lets people shop and pay for items on Amazon.com using local currencies that would not have been accepted on the site before.
WASHINGTON—After a week’s recess, both the Senate and House are back in session this week with a busy schedule that includes a housing finance reform hearing at which one trade group rep will testify.
WASHINGTON—Among those weighing in on allegations of sexual harassment during CUNA’s recent GAC is the trade association’s president, Jim Nussle.