WASHINGTON—The Federal Housing Finance Agency plans to issue a request for information this fall addressing the impact of alternative credit scoring models on access to credit, costs and operational considerations, FHFA Director Mel Watt told a real estate industry group this week.
Fresh Today
ALEXANDRIA, Va.–NCUA is looking to renegotiate the terms of an agreement with two law firms that to date have received more than $1 billion as part of settlements with big banks and other firms related to the sale of securities to corporate credit unions in the run-up to the financial crisis.
RANCHO CUCAMONGA, Calif. – The CO-OP Shared Branch network is now the second-largest network of financial institution branches in the country, having just surpassed Chase in number of branch offices, the company reported.
DETROIT–The sale of new vehicles, especially trucks, has hit a pothole. As CUToday.info has reported, overall vehicle sales have been declining in recent months, but truck and SUV sales have remained strong. But new data show that trend line is changing.
WASHINGTON—CEOs of federally insured state chartered credit unions with at least $1 billion in assets earned on average almost 13.15 times more than their average employee compensation in 2015, according to a new report.
WASHINGTON—Comments are due this month on several NCUA proposals, from the appeals process to the agency’s annual regulatory review.
TRAVERSE CITY, Mich.—A judge has ruled that 4Front Credit Union here will remain on the hook for more than $1.1 million owed to a former consulting firm, dismissing motions to overturn the ruling and launch a new trial.
WASHINGTON—Senate Banking Committee members Tim Scott (R-SC) and Mark Warner (D-VA) have introduced the Credit Score Competition Act, S 1685.
ATLANTA—Criminals looking to leverage stolen card data can now take a six-week program to hone their skills.
WHEELING, W.V.–A lawsuit has been filed here against a credit union and a debt collector alleging they are unlawfully attempting to collect an alleged debt.