WASHINGTON—The Federal Housing Finance Agency's (FHFA) annual stress test of Fannie Mae and Freddie Mac showed the government-sponsored enterprises would need a bailout of up to $77.6 billion under the worst-case economic scenario.
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WASHINGTON—Total consumer credit growth slowed in June to an increase of 3.1%.
LAWRENCEVILLE, Ga.—Used vehicle demand remained strong last month, with the latestBlack Book Used Vehicle Retention Index showing a 0.5% increase during July, registering 113.9 and up from 113.3 in June.
KANSAS CITY, Mo.–The NFL’s Kansas City Chiefs have moved their commercial banking business to CommunityAmerica Credit Union.
FAIRHOPE, Ala.–CU*SOUTH, a CUSO, announced it closed its conversion calendar for 2018 with a record-setting 13 core conversions.
COLUMBUS, Ohio–Ohio Gov. John Kasich signed legislation to make the state one of the first to recognize the use of blockchain technology to transmit and store electronic records in a broad range of industries, from financial services to supply chain management, real estate and healthcare.
NEW HAVEN, Conn.–The Banking Compliance Index (BCI), which measures regulatory burden, nearly doubled from Q1 2018 to Q2 2018–but for an ironic reason.
BOSTON—The Massachusetts Division of Banks is alleging that a CUSO, myCUmortgage in Beavercreek, Ohio, engaged in unlicensed mortgage lending activity prior to obtaining the appropriate license from the state. myCUmortgage is a wholly owned subsidiary of Wright-Patt Credit Union.
VILNIUS, Lithuania—Contrary to public opinion, cryptocurrency exchanges do want regulation, a new report indicates.
MADISON, Wis. – Two new white papers have been published by several of the CUNA Councils.