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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—Federal Reserve Vice Chair Richard Clarida has provided an update on the Federal Open Market Committee's new strategy framework – adopted in August and reported by CUToday.info – to better reflect economic changes and monetary policy approaches.

SAN FRANCISCO–John Stumpf, who was CEO at Wells Fargo at the time of its massive new account fraud scam, has agreed to pay $2.5 million to settle civil claims related to the scandal.

NEW YORK–As the next step in its recovery plan, Municipal Credit Union, which has been operating under NCUA conservatorship since May of 2019, has named a new president/CEO.

BROOKFIELD, Wis.–One credit union is among the Fiserv clients that have been recognized with 2020 IDC FinTech Rankings Real Results Awards for the standard-setting execution of strategic initiatives.

JACKSON, Mich. –Two Michigan credit unions said they are now moving forward with finalizing a merger and introducing a new name.

PITTSBURGH–PNC Financial Services has announced plans to acquire the U.S. business of the Spanish lender BBVA for $11.6 billion.

LOWELL, Mass.–Carla Rasetta, CEO of Mills42 FCU, has announced plans to leave the organization’s management in early December, but will be joining the board of directors.