WASHINGTON–Fannie Mae and Freddie Mac plan in 2016 to push the sales of new types of securities that in effect transfer potential losses in a housing downturn to private investors.
THE news
WASHINGTON—The CFPB has sent warning letters to 17 colleges directing them to improve disclosure of school-sponsored credit card agreements.
ADISON, Wis.–Credit unions added another 235,000 new members and loan balances grew at a 9.9% seasonally adjusted annualized pace through October, according to the latest CUNA Mutual Trends Report.
ALEXANDRIA, Va.—By a pair of 3-0 votes, the NCUA board Thursday passed a final rule covering interest on lawyer trust accounts (IOLTAs) and certain other escrow accounts involving prepaid cards, as well as putting out for comment two broad categories of its rules.
ALEXANDRIA, Va.– Median loan growth in federally insured credit unions was 4.1% during the year ending Sept. 30, 2015, and all states reported positive growth, according to state-level data compiled by NCUA.
CINCINNATI—New research shows that men and women are paying different monthly prices for the same exact car, but it's not what you think.
COSTA MESA, Calif.—A new forecast is predicting that cyber crooks in 2016 will increase their focus on crimes that damage the reputation of the companies they attack.
WASHINGTON–More than 10 different initiatives were announced here during a two-day forum hosted by the Treasury Department aimed at reducing the number of people who are unbanked.
WASHINGTON–Credit unions in the U.S. continue to make more than $1 billion a day in new loans as total loan balances hit a new high-water mark.
WASHINGTON-- Problems opening and managing an account were the number-one complaint of consumers when it came to financial institutions during October, according to the CFPB’s just-released “complaint snapshot.”