WASHINGTON—Meaningful opportunities exist for the mortgage industry to increase transparency around closing costs and potentially help save consumers money, Fannie Mae said, citing a new survey.
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MIAMI—New Hampshire residents have the highest student loan payments in the nation, with an average monthly payment of $229, a new study shows.
STAFFORD, Va.—Thanks to a credit union employee, a man suspected of stealing from people from Florida to Virginia was apprehended last week while trying to pull off a scam in Stafford County.
BEIJING, China—China’s e-commerce market is anticipated to grow at a compound annual growth rate of 9.9% between 2024 and 2028 to reach $3.6 trillion in 2028, driven by the ongoing shift in consumer preference from offline to online shopping, a new study shows.
WASHINGTON—The CFPB’s new open banking rule brings with it new regulatory requirements, yet it also presents an opportunity to modernize data management systems, strengthen consumer relationships and stay competitive, analysts are saying.
WASHINGTON—With security at the forefront of U.S. financial institutions’ concerns regarding open banking, a new report reveals the financial innovation’s security track record has been good.
DENVER—The Department of Justice has sued Rocket Mortgage and two appraisal companies in Colorado federal court for allegedly undervaluing a woman's home here because she was Black, contending the mortgage company then canceled her refi application when she reported the alleged discrimination, Law360 reported.
MISSOULA, Mont. — A former Missoula credit union employee accused of embezzling approximately $390,000 from the vault and swapping the real money with fake funds has admitted to a theft charge, the Department of Justice reported.
ST. LOUIS—A man who allegedly robbed a credit union, telling a teller he had a gun in his pocket, has been arrested.
PORTLAND, Ore. —A man who allegedly robbed several Portland, Ore., credit unions, wielding a knife and machete, has been arrested.