Fresh Today
PHILADELPHIA—The Financial Crimes Enforcement Network (FinCEN) has issued guidance to customers of financial institutions about reporting beneficial ownership information (BOI).
LONDON—U.K.-based money transfer firm Wise has released year-end results showing double-digit percentage increases in revenue and customer numbers.
WASHINGTON–As expected, the Federal Reserve’s Open Market Committee has adjourned its July meeting without making any changes to rates, leaving the target range for the federal funds rate between 5.25% and 5.5%.
WASHINGTON–The Federal Reserve’s Open Market Committee (FOMC) is expected to adjourn its two-day meeting today by again not taking any action to reduce rates, although analysts believe such a move is getting clearer.
TROY, Mich.–The new J.D. Power 2024 U.S. Mortgage Service Satisfaction Study has found mortgage servicers’ efforts to improve digital experiences and streamline problem resolution have helped drive incremental improvements in customer satisfaction, even as the overall financial health of borrowers has declined sharply and an increasing number of borrowers are paying their bill after the due date.
BEAVERTON, Ore.–Two Oregon credit unions said they have received regulatory approval to move forward with a merger that would create a $4-billion CU.
ALEXANDRIA, Va.– NCUA said it is now accepting comments on a proposed rule related to succession planning at federally insured credit unions that was approved by the NCUA board at its July meeting.
WASHINGTON—After months of speculation and concerns by credit unions that it would contain language requiring compliance by credit unions with the Community Reinvestment Act (CRA), Sen. Elizabeth Warren (D-MA) has officially reintroduced the American Housing and Economic Mobility Act.