WASHINGTON—The Federal Housing Finance Agency (FHFA) has announced a proposed rule to formalize many existing practices and programs related to fair housing and fair lending oversight of its regulated entities, including the government-sponsored enterprises (GSEs) and Federal Home Loan Banks (FHLBs).
Fresh Today
WASHINGTON—The Federal Reserve should allow all credit unions—regardless of the source of deposit insurance—access to its Bank Term Funding Program (BTFP), CUNA, the American Association of Credit Union Leagues, and 45 state credit union leagues and Associations wrote to the Federal Reserve.
WASHINGTON—Single-family home prices increased at a non-seasonally adjusted annual rate of 4.7% from Q1 2022 to Q1 2023, down from the previous quarter’s revised annual growth rate of 8.6%, according to Fannie Mae’s latest Home Price Index (FNM-HPI).
WASHINGTON — The Consumer Financial Protection Bureau said it will host a field hearing in Brooklyn on “zombie” second mortgages-mortgage debts that “consumers thought were satisfied long ago by loan modifications, bankruptcy proceedings, or lender write-offs.”
MADISON, Wis.—CUES said its TalentNEXT conference, which is designed to help the industry’s senior HR, training and talent development leaders realize a “strong, future-focused people strategy,” will return for a second year when it meets Sept. 10-12 in Savannah, Ga.
HARRISBURG, Penn.–Pennsylvania State Employees Credit Union (PSECU) has introduced a new mortgage program for first-time homebuyers.
WASHINGTON–The acting Comptroller of the Currency has weighed in with his thoughts on open banking.
BROOKFIELD, Wis.–Financial institutions can eliminate the wait that often goes along with receiving physical debit cards, according to Fiserv, following the launch of new capabilities.
ABU DHABI, UAE—The Central Bank of the UAE has launched its Central Bank Digital Currency (CBDC) Implementation Strategy.
ALEXANDRIA, Va.–The NCUA board has gotten an update on the federal credit union loan interest rate ceiling, including that it does have the ability to institute a variable rate and that lowering it to 15% would likely cost millions of dollars in lost income across hundreds of credit unions