WASHINGTON—The Federal Housing Finance Agency (FHFA) has issued a request for information (RFI) on the government-sponsored enterprises’ (GSEs) single-family pricing framework.
Fresh Today
WASHINGTON—The Federal Trade Commission said it has stopped a pair of student loan debt relief schemes it said “bilked” students out of approximately $12 million by using deceptive claims about repayment programs and loan forgiveness that did not exist.
WASHINGTON–As one of four regulators who testified here before a House hearing on oversight, NCUA Chairman Todd Harper largely escaped most of the questions as members of Congress instead pressed banking regulators over the recent failures of several large banks, but he did respond to questions over CRA and NCUA’s recent request for information on climate change.
WASHINGTON–Three banking regulators were grilled by members of Congress during a hearing here over the recent failures of several large banks, with several asking why no one was fired by the regulators for what one congressman called “incompetence.”
NEW YORK–Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing, according to the New York Federal Reserve.
RANCHO CUCAMONGA, Calif.—After strong card spending by credit union members during March, there was more “muted” spending activity during April, according to new data released by Co-op Financial Solutions that show a pivot to debit on certain purchases and the ongoing shift in delivery and subscription models.
PALM BEACH GARDENS, Fla.–An independent ratings agency has issued a statement warning that as many as 4,243 financial institutions, including credit unions, “could be vulnerable to failure.”
WASHINGTON—The credit union tax exemption allows CUs “to reach out in areas banks couldn’t and serve those that banks wouldn’t,” according to a letter sent by NAFCU to Congress.
DANVILLE, Penn.–A mother and daughter have pleaded guilty to bank fraud charges related to their roles at a former credit union.
CHICAGO- United Credit Union said it has launched “Second Chance Loans,” a payday loan alternative that “aims to empower credit-challenged members.”