Fresh Today

WASHINGTON–A federal jury has awarded shareholders of Fannie Mae and Freddie Mac $612 million, saying the Federal Housing Finance Authority (FHFA) acted improperly when it transferred ownership of shares to the United States for the public benefit.

IDAHO FALLS, Idaho— East Idaho Credit Union has announced a new name and brand: Frontier Credit Union.

WASHINGTON—CUNA and NAFCU are asking the Federal Housing Finance Agency (FHFA) to provide greater clarity around GSE guarantee fee pricing, and to set lower fee prices.

HARRISBURG, Penn.—A growing number of credit unions in this region are being deposed for a class-action lawsuit involving alleged missing information in its repossession notification letters, according to the CrossState CU Association.

WASHINGTON--The Federal Trade Commission will require Experian Consumer Services, which offers consumers access to their Experian credit information, to pay $650,000 to settle charges it sent consumers unsolicited email without offering them a way to opt out of such messages.

VANCOUVER, Wash. – Columbia Community Credit Union has named a new president and CEO.

LANSING, Mich.–Several credit union leaders were among the presenters during a two-day event here aimed at helping teachers in the state build knowledge around personal finance in the wake of House Bill 5190. Credit unions and a CU foundation were also sponsors of the event.

WASHINGTON—The Federal Reserve’s rate setting committee, the Federal Open Market Committee (FOMC), has released its meeting schedule for 2024.

LONDON—Virgin Money is preparing to close 39 of its U.K. bank branches following a review of how customers have been using its physical stores.

NEW YORK—During the first six months of 2023 total funding fintechs and the number of deals declined from $63.2 billion across 2,885 deals in the second half of 2022 to $52.4 billion in across 2,153 deals in the first half of  2023, according to a new KPMG analysis.