Time For Lenders To Review More Borrower Data Points 09/30/2020 07:46 pm BOSTON—Credit unions that haven’t updated their loan processes to include the most recent data from borrowers—including loans in forbearance, recent utility bills and even last week’s paystub—face potentially “dire” risks, according to one expert who has just completed a study of loan origination systems.
It’s a Boy, It’s a Girl—It’s 2,000: ACCU Adoption Loan Marks Milestone 09/30/2020 07:50 pm GLENDORA, Calif.– America’s Christian Credit Union is reporting it has now funded its 2,000th adoption loan as part of an 11-year-old ministry designed to assist members seeking to adopt a child.
With More Than 100K Signatures on Petition, NE Ballot Measure Would Cap ‘Immoral’ Rates at Payday Lenders 09/30/2020 07:49 pm LINCOLN, Neb.–After more than 100,000 signatures were collected, a measure has been added to the ballot in Nebraska that would cap loan rates for payday lenders at 36% annually.
Fed Study Finds More Online Banking, Fewer Checks—And That Was Before the Pandemic 09/30/2020 07:48 pm WASHINGTON–With findings that will surprise few people and which show how the pandemic can change a trend line, the Federal Reserve has released a new study showing the use of online banking has increased slightly over a three-year period ending in 2019, while use of paper checks declined over the same time.
CUNA Transfers Internet Domains to DotCooperation, LLC 09/30/2020 07:49 pm WASHINGTON–CUNA said it is transferring ownership of three Internet domains—.creditunion, the .coop top-level domain, and the Coop Marque to DotCooperation, LLC (DotCoop), the global steward of cooperative verification.
PSECU Launches ‘SwipeStakes’ to Drive Card Use 09/30/2020 07:49 pm HARRISBURG, Penn.– Pennsylvania State Employees Credit Union today is launching a “SwipeStakes” sweepstakes that offers members a chance to win one of 15 monthly prizes of $500 through the end of the year each time they swipe their PSECU credit or debit card.
UN Panel Finds Tax Abuse, Money Laundering, Corruption are Rampant in Global Financial System 09/30/2020 07:49 pm NEW YORK — Tax abuse, money laundering and corruption plague the global financial system, a high-level UN panel reported in an interim report it said underscores the need for urgent reforms.
