WASHINGTON—Fannie Mae has expanded offerings for low downpayment loans for first-time homebuyers, and is accepting applications immediately for borrowers with FICO credit scores as low as 620.
Fresh Today
ALEXANDRIA, Va.–In remarks offered at a meeting yesterday, NCUA Chairman Debbie Matz said data breaches at retailers have cost credit unions greatly, and as a result retailers and other third parties that are responsible for such breaches should cover those costs to financial institutions.
ALEXANDRIA, Va.—Pentagon FCU is teaming up with NFL greats Jerry Rice, Emmitt Smith, and Joe Theismann to launch the CU’s new PenFed Promise Card Challenge.
SOUTHFIELD, Mich.—The Michigan league said a billboard campaign it launched targeting elected state officials and other policymakers with a message opposing a bill that would expand payday lending is working.
HARRISBURG, Penn.—The Pennsylvania Credit Union Association is marking its 80th birthday.
AUSTIN, Texas—A new analysis is revealing insights into mobile banking usage, including how iPhone and Android users differ in their banking.
MADISON COUNTY, Ala. – Redstone Federal Credit Union here said an employee has made unauthorized transactions on 66 member accounts at its Winchester Road branch.
SEATAC, Wash.—The Northwest Credit Union Association said it has made a new exam reporting tool available to its affiliated credit unions in order to share exam issues “in as much or as little detail as they like.”
WASHINGTON—Outgoing Sen. Tom Coburn today listed the credit union tax exemption among “federal tax giveways” that he recommends be eliminated as part of his “Tax Decoder” report.
WASHINGTON—As an improving economy spurs borrowing, a new study indicates consumers are again starting to rack up considerable credit card debt, and may be on a path to unsustainable monthly payments and a marked increase in defaults.