PITTSBURGH–PNC Financial Services has announced plans to acquire the U.S. business of the Spanish lender BBVA for $11.6 billion.
THE news
IRVINE, Calif.– In August, 6.6% of mortgages were delinquent by at least 30 days or more, including those in foreclosure, a 2.9-percentage point increase in the overall delinquency rate compared with August 2019, according to the latest CoreLogic Loan Performance Insights report.
WASHINGTON–A bill that would remove federal penalties on marijuana and, if signed into law remove a major risk for some credit unions, will receive a vote on the House floor sometime in December, according to Rep. Steny Hoyer (D-MD). The bill would also clear the records of some people convicted of cannabis-related crimes.
WASHINGTON—The Department of Justice (DOJ) has filed an antitrust lawsuit against Visa to block its acquisition of fintech company Plaid. Plaid helps consumers connect their financial accounts to thousands of financial apps, including the popular payment system Venmo and banking and investment services like Betterment and Chime.
WASHINGTON—In a comment letter to NCUA, CUNA said it supports the joint interagency review of flood insurance questions and answers, but it is also offering several suggestions for improvements.
DUBUQUE, Iowa–An old-fashioned product that isn’t even part of the product line any more at many credit unions remains popular at one CU here.
MADISON, Wis.–More than 130 credit union women from five continents participated in Global Women’s Leadership Network’s (GWLN) 2020 Executive Readiness Summit.
ANN ARBOR–The 9th annual CU Lunch Local is now complete, and for the first time ever was held with coronavirus-related restrictions in place.
NEW YORK–Consumers have been spending money as if the coronavirus recession is over, but they are also paying down old debts and avoiding new ones in case the pandemic lasts a while, according to one new analysis.
ST. JOSEPH, Mich. – The first credit union to acquire a bank is at it again.