WASHINGTON—NAFCU and CUNA have each sent letters to the Federal Financial Institutions Examination Council regarding a proposed revision to its rating system that would require CFPB to provide a separate composite rating for all credit unions with assets of more than $10 billion.
Fresh Today
WASHINGTON—The CFPB and the Department of Justice have announced a joint action against BancorpSouth Bank for alleged discriminatory mortgage lending practices that harmed African Americans and other minorities.
ORLANDO–FAIRWINDS Credit Union will be the anchor tenant in a new $81-million, mixed-use tower being planned for downtown Orlando, and will have naming rights to the structure.
NASHVILLE—When internal fraud is detected at the credit union, the first thing the board SHOULD NOT do is contact the regulator.
LAWRENCEVILLE, Ga.—Black Book is advising lenders to pay close attention to the values of sub-compact and compact cars as they underwrite new loans, saying that the future does not look bright for the retention values of these two car segments.
IRVINE, Calif.—A list of the 20 most expensive places for renters-by-choice has been released by HomeUnion.
WASHINGTON–A somewhat unexpected trend is putting pressure on rental prices: Baby Boomers and others aged 55 or older, including several million current homeowners, are now moving into rental units, according to Freddie Mac.
WASHINGTON—Forty-two senators, all Democrats, have sent a letter to Congress urging Senate Banking Committee Chairman Richard Shelby (R-AL) to schedule a vote on the confirmation of Export-Import Bank board nominee Mark McWatters, currently one of the two NCUA board members.
BENTONVILLE, Ark.—Walmart is moving quickly to expand the availability of its Walmart Pay digital wallet.
MADISON, Wis./RANCHO CUCAMONGA, Calif.–In the coming year, CUES and CO-OP Financial Services announced they plan to bring a new payments program to the industry, and as part of the effort will honor Stan Hollen, who just retired as CEO of CO-OP.