NEW YORK–Loan approval rates at banks of $10-billion in assets and larger improved to new post-recession highs in February 2017, according to the latest Biz2Credit Small Business Lending Index, which said loan approval rates at credit unions remained stagnant and approval rates at alternative lenders dropped over the same time.
WASHINGTON—The Consumer Financial Protection Bureau ordered Nationstar Mortgage LLC to pay a $1.75-million civil penalty for violating the Home Mortgage Disclosure Act (HMDA) by consistently failing to report accurate data about mortgage transactions for 2012 through 2014.
CINCINNATI—Can knowing your members’ perceptions of college basketball teams help better target auto loans? Perhaps.
ST. PETERSBURG, Fla. and COLUMBIA, Md.-PSCU and the Maryland and DC Credit Union Association have announced an agreement for credit, debit and bill payment processing services, as well as 24/7/365 contact center support for the 133 credit unions in Maryland and the District of Columbia and the 2.1 million members the Association serves.
WASHINGTON—FEMA's Roy Wright called for a multi-year reauthorization of the National Flood Insurance Program while testifying before the Senate Banking Committee, which has prioritized reauthorizing the program before the NFIP's current funding ends Sept. 30.
WASHINGTON–Fannie Mae has taken a step to allow for greater use of e-signatures in the mortgage process.
GRAND RAPIDS, Mich.– CU*Answers said it has added a new management role as the business manager for the Developer’s Help Desk (DHD).
FORT ATKINSON, Wis.—Small businesses are not big fans of mobile banking.
RIVERSIDE, Calif.– The board at Altura Credit Union has honored retiring CEO Mark Hawkins by renaming the CU’s headquarters the “Mark W. Hawkins Operations Center.”
CHEYENNE, Wyo.–Western Vista Credit Union here has named a new CEO, as well as several other changes to its management team.
