Fresh Today

Fresh Today

WASHINGTON—The Federal Trade Commission has charged nine Los Angeles-area auto dealerships and their owners with using a wide range of deceptive and unfair sales and financing practices.

WASHINGTON–A new analysis of credit unions between $500 million and $1 billion in assets reveals different areas of strength when it comes to asset, loan, share, and member growth across the NCUA’s five designated regions.

LAWRENCEVILLE, Ga.—A new report reveals that a large number of auto lenders don’t leverage residual data for their portfolio, despite the majority admitting that portfolio risk assessment and remarketing remains at the top of their portfolio strategy for the growing number of used vehicles.

MADISON, Wis.–Loan volume remains robustly steady at credit unions, while more than 400,000 new members joined a CU during July. At the same time, reports CUNA Mutual’s latest Trends Report, the pace of credit union consolidation has slowed considerably.

WASHINGTON—The Consumer Financial Protection Bureau has issued the procedures its examiners will use in identifying consumer harm and risks related to the Military Lending Act rule, which was updated in July 2015.

LOMBARD, Ill.– Raddon Financial Group has announced the winners of its Crystal Performance Award for credit unions, which recognize the top 22 performing CUs among the 500 that are part of its Raddon CEO Strategies Group.

WASHINGTON—The Federal Financial Institutions Examination Council has announced the availability of data on mortgage lending transactions at 6,913 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA).

ALEXANDRIA, Va.—The PenFed Foundation enlisted the help of 75 corporate and community partners to raise more than $675,000 for troops, veterans, and their families with its annual Military Heroes Golf Classic at Bethesda, Maryland’s Congressional Country Club.