WASHINGTON–Tightened underwriting standards since the housing crisis have led to decreased mortgage lending to African-Americans, according to a new report.
Fresh Today
WASHINGTON–Home builders are showing a rebound in confidence in the market for new single-family homes, which should be a good sign as Autumn approaches.
SAN FRANCISCO—Square is advancing in the mobile payments space, moving away from just serving small shops and food trucks and into larger retailers.
FAIRBANKS, Alaska–Alaska USA Federal Credit Union has confirmed it has restricted 10 personal accounts linked to people starting a marijuana-related business.
ATLANTA-Low-income designated credit unions (LICUs) are being urged to consider a new funding and liquidity option available for balance sheet management as they conduct their 2017 strategic planning.
PURCHASE, N.Y.–MasterCard is offering cardholders in China the ability to use local credit and debit cards to pay U.S. tuitions and other costs through a first-of-its-kind online payment service found at www.plastiq.com/mcuni.
SAN FRANCISCO–New data show that increasingly private investors are taking advantage of low mortgage rates and rent growth by investing in rental properties, which is affecting the supply of homes and, as a result, prices on both homes and rental rates.
HOUSTON—A new survey has found that by year-end 2015, almost half (45%) of issuers had begun issuing chip debit cards, a figure that is much lower than the 90% of issuers that indicated in the same study one year earlier that they expected to have chip cards in the market by that date. Nevertheless, chip debit transactions have been growing at triple digit rates, while skimming has contributed to a surge in fraud.
LONDON—In the not-too-distant future people will be able to bend and twist their phones into different shapes and even different types of devices, say analysts who are calling the prototype a cross between a Rubik’s Cube and a smartphone.
WASHINGTON – Democracy Federal Credit Union has launched a blog it says is about more than just finances.