WASHINGTON–Many of the official statistics around student loan debt and the ability to repay it are misreported or misleading, according to one new analysis, which says “early warning signs” are being ignored.
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NEW YORK–Loan growth appears to be “fading” for many small and midsize lenders, according to one new analysis.
WASHINGTON—NAFCU has added half-a-dozen lawmakers who it says champion credit union issues to its lineup of speakers for its Congressional Caucus, Sept. 11-14 in Washington.
COSTA MESA, Calif.—Residents in the Northeastern U.S. and the Upper Midwest generally own more credit cards and have higher credit scores, a new report reveals.
NEW YORK–It isn’t just credit unions seeking guidance regarding the recently passed Economic Growth, Regulatory Relief and Consumer Protection Act. According to analysis by Situs, mortgage lenders are also seeking help in implementing the law’s “abrupt changes.”
WASHINGTON—Sen. Chris Van Hollen (D-MD) has expressed concern to Federal Reserve Chairman Jerome Powell over the delay in implementing a real-time payment system in a letter this week and asked him a series of questions pertaining to the legislative and regulatory needs to get the system underway.
WASHINGTON–The credit union trade groups have joined with other trade organizations to call on Senate leadership to ensure regulatory relief language remains in the conference committee version of the 2019 financial services and general government appropriations bill.
BROOKFIELD, Wis.—Fiserv said it has fixed a web platform weakness that exposed personal and financial details of customers/members across hundreds of financial institutions' websites, Krebs on Security reported.
SUPERIOR, Wis.—The Wisconsin Department of Financial Institutions' Office of Credit Unions has approved the purchase and assumption of Dairyland State Bank by $417-million Superior Choice Credit Union here. The news was first reported by Keith Leggett, the former senior vice president and senior economist at the ABA.
DENVER–CULedger, the CU-owned CUSO formed to focus on creating a global distributed ledger platform, announced it has secured $8.5 million in Series A funding. This round of funding will continue through Nov. 18, 2018.