WASHINGTON—The CFPB has taken action against a mortgage company, alleging the firm illegally paid bonuses and higher commissions to loan originators to incentivize them to steer consumers into costlier mortgages.
Fresh Today
BELFAST, Maine — A credit union member here who was described in local media as having become “unglued” while waiting in the CU’s drive-through has lost her license and been given a fine.
MADISON, Wis.—Despite the U.S. economy encountering headwinds in Q1, CU lending continued to be strong in April, climbing 1% after a 0.6% increase in March, according to CUNA.
ALEXANDRIA, Va. – NCUA Board Chairman Debbie Matz will host a town hall webinar on Tuesday, July 28, beginning at 3 p.m. ET.
GRAND RAPIDS, Mich.–CU*Answers said it has noticed that a “trend is starting to take root,” which is that credit unions appear to be more willing now to pay early termination fees to switch data processors.
MADISON, Wis.—The CUNA Operations Sales & Service Council and CUNA Technology Council have released a new white paper titled “Physical-Digital Wallets: The New Payment Strategy.”
ALEXANDRIA, Va.—Pentagon Federal Credit Union reported its mortgage origination department generated $1.7-billion in first and second trusts during the first five months of 2015. A major part of PenFed’s mortgage team resides in Omaha, Neb., where it employs more than 400 employees.
PORTLAND, Maine—Three people have been elected to serve on the Maine Credit Union League’s board of directors.
IRVINE, Calif.—CoreLogic’s national Building Permit Database has surpassed over 28 million residential, commercial and industrial building permits and now tracks more than 35 permit types, covering 65% of the U.S. residential and commercial market.
ARLINGTON, Va.—As the Senate Subcommittee on Regulatory Affairs and Federal Management prepares to address the federal regulatory process today, NAFCU has a message for Congress: the CU exam process could also use some improvement.