SAN FRANCISCO—Two ex–Wells Fargo financial advisors are suing the bank over a referral-generating system they say violated clients' privacy and, ultimately, led to their being let go by the bank.
Fresh Today
VIENNA, Va.–In the wake of an explosive 2023 CNN report that alleged Navy FCU has the widest disparity in mortgage approval rates between White and Black borrowers of any major lender in the U.S., the credit union said an external review it commissioned has found “no race-based decision making” in its underwriting.
LAKEWOOD, Wash.–Harborstone Credit Union has announced plans to acquire another bank.
WASHINGTON–The credit union-opposed Credit Card Competition Act has been offered in the Senate as an amendment to the must-pass 2024 Financial Services and General Government appropriations bill.
WASHINGTON–The increase in mortgage rates in February has driven a modest downgrade to expectations for total home sales and mortgage originations in 2024, according to the March 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
RANCHO CUCAMONGA, Calif.—February spending was flat compared with the prior month, in line with normal seasonal trends, according to PSCU/Co-op Solutions’ newest data.
WASHINGTON—With the nation’s banking industry in Washington for meetings and Hill visits, credit unions sought to counter with a message around how credit unions are making a “meaningful” impact despite “concerning” proposals and “misleading” bank attacks.
WASHINGTON–The Biden Administration has erased another $5.8-billion in federal student loan debt, this time for nearly 78,000 borrowers who work in the public sector, including teachers, firefighters and others.
ST. CLAIR COUNTY, Ill.–Credit unions and their members continue to be victimized by fraud from skimming devices.
PENSACOLA, Fla.–PenAir Credit Union has selected the winner of its 2023-24 NOW Program, a seven-month-long financial wellness competition that seeks to give participants a better understanding of their income vs. expenses while creating healthier spending habits.