BOCA RATON, Fla.–A new paper suggests billions of dollars could be saved if Congress revises a law to allow regulators to be more aggressive in reducing losses from insolvent banks.
Fresh Today
LAGOS, Nigeria—The number of fintechs is quickly rising in Africa, with more than 300 startups active across the African continent, reports Disrupt Africa.
DEVILS LAKE, N.D.—NCUA Friday placed $201-million Citizens Community CU here into conservatorship. It’s the second CU conserved by the agency in two days.
ALEXANDRIA, Va.—The NCUA board Friday proposed a rule that would drop the overhead transfer rate (OTR) to 60% from 67.7%, and include new OTR calculation methodology the agency believes is simpler.
MADISON, Wis.—Credit union loan balances rose 0.9% in April—greater than April 2016’s 0.7% pace—spurred largely by new auto loan balances rising by a 26.5% seasonally adjusted annualized growth rate, according to CUNA Mutual Group’s latest Trends Report.
WASHINGTON—The overhead transfer rate used by NCUA to account for costs related to providing share insurance to state-chartered CUs will be addressed at the agency’s open board meeting today, after it was rescheduled from yesterday.
WASHINGTON—The CFPB has issued a report spotlighting complaints from borrowers about student loan servicers mishandling Public Service Loan Forgiveness.
SAN ANTONIO–Technology is redefining financial services delivery, distribution and money movement in ways that many credit unions still don’t fully comprehend, according to one person.
WASHINGTON—As leaders in Congress begin to address the issue of housing finance reform, NAFCU has released its core principles that it believes will ensure the safety and soundness of the credit union system and should be included in whatever reform option is ultimately adopted, the trade association stated.
CASPER, Wyo.–Greater Wyoming Federal Credit Union here said it has selected Fiserv as its new data processor and to enhance efficiency with integrated technology.