HOUSTON–Jenny Smith, who was CEO of Smart Financial Resources and the Smart Financial Foundation, both subsidiaries of Smart Financial Credit Union, has retired.
Fresh Today
SEATTLE–Another company is getting into the mortgage lending business. Online real estate firm Redfin said it has formed a new division, Redfin Mortgage, to loan money to its customers buying homes.
GREYSTONES, Ireland–It turns out members can’t be counted on to automatically approve every merger.
GLENDALE, Calif.—Clearpath FCU has filed suit against its former CEO, John Lee, for more than $136,000 for allegedly taking out three car loans and two personal loans without intending to pay them back.
WASHINGTON–The cost of the credit union tax exemption to the Federal Treasury will be $14.4 billion between 2016 and 2020, according to an estimate included in a new report from the congressional Joint Committee on Taxation.
WASHINGTON–The rate of homeownership in the U.S. has fallen again.
IRVINE, Calif.–The pace of housing price increases continues, even as a new survey shows demand for housing at its highest point in two years.
NEW YORK—The New York State Department of Financial Services is opposing the Office of the Comptroller of the Currency’s proposal to grant national bank charters to fintech companies.
RALEIGH, N.C. – A new survey indicates that lenders may need to start doing a better job of storing more granular data on credit risk to comply with new CECL rules.
TIGARD, Ore./SEATAC, Wash.–Credit unions in Oregon and Washington created a $7.7-billion economic impact in 2016, according to a new analysis released by the Northwest Credit Union Association.