LONDON–Libor, the benchmark rate that is tied to more than $350 trillion in derivatives, corporate bonds and other financial products, is on its way out even as regulators acknowledge the challenge in finding a replacement.
Fresh Today
ARLINGTON, Va.—NCUA's proposal to expand the number of supervisory determinations appealable to the agency's Supervisory Review Committee "would greatly enhance the current process by which credit unions can challenge material supervisory determinations," NAFCU wrote in a comment letter Thursday.
WASHINGTON—NAFCU's Dan Berger and Carrie Hunt met with key White House staff last week to share credit unions' views and concerns related to the agenda in Congress and the administration on tax reform, regulatory relief, strengthening the economy and jobs growth.
SANTA ANA, Calif.–A tool that measures defects in mortgage applications is reporting that for the seventh consecutive month it has seen an increase in defects, fraud, and misrepresentation in the information on mortgage apps.
WASHINGTON–Mortgage applications declined 2.8% for the week ended July 28, compared with one week earlier, according to the Mortgage Bankers Association.
WASHINGTON–Is a one-person NCUA board in the future?
NEW YORK–Losses on credit cards are growing among the nation’s biggest issuers.
HAUPPAUGE, N.Y. – GrooveCar reports continued strong growth for its automotive online buying program.
WESTMEATH, Ireland–In an indication of how credit union rules can differ from country to country, the board of Athlone Credit Union here has survived a motion of “no confidence” in a vote by its members.
GRAND RAPIDS, Mich.–CU*Answers is reporting its product rebranding launch has been successfully completed, with the powerful, browser-based performance tracker and analytics engine formerly called My CU Today is now known as Analytics Booth.