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Fresh Today
MADRAS, Ore.–When the Great Eclipse of 2017 crosses North America today credit unions won’t be in the dark. Or at least not unintentionally.
ARLINGTON, Va.—Credit unions reported that the time between their last two NCUA examinations increased slightly from 11.4 months in 2016 to 12.4 months in 2017, according to NAFCU's latest Economic & CU Monitor survey report.
WASHINGTON — The Consumer Financial Protection Bureau has filed a complaint and proposed settlement against Aequitas Capital Management, Inc. and related entities, for aiding what it called Corinthian Colleges’ “predatory lending scheme.”
PURCHASE, N.Y.—The $874-million Quorum FCU here reported an increase in delinquent loans during the second quarter of 2017 driven by poor performing participation loans – of which most, if not all, were likely taxi medallion loans, reported Keith Leggett.
WASHINGTON–Housing starts declined 4.8% to a seasonally adjusted annual rate of 1.16 million units, according to data released by the Commerce Department.
PROVIDENCE, R.I.—The state of Rhode Island has said it is moving $15 million into eight banks and credit unions to encourage lending to small businesses.
WASHINGTON–Credit unions frequently promote member business loans and home equity loans as separate entities, but new research shows that for many they are one and the same.
NEW YORK —LoanStreet Inc., a loan participation platform, said Florida-based Achieva Credit Union has selected its platform.
DENVER–CU Service Network has published a new white paper titled “Tale of Two Accountings: How One Credit Union Outsourced Its Daily Processing and Received Unexpected Benefits.”