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WASHINGTON–A preliminary analysis released by the CFPB of the differences in lending patterns for lenders below and above the 100-loan closed-end threshold for Home Mortgage Disclosure Act (HMDA) reporting indicates lenders with the smaller volumes of loans appear to make more “investment-purpose” loans to higher-income borrowers and non-natural person borrowers than higher-volume lenders.

WASHINGTON–It isn’t just NCUA and credit unions wrestling with the equity ratio of a deposit insurance fund.

ARLINGTON, Va.—Total retail sales declined 1.3% in May following April's modest, upwardly revised rise, but are still up significantly over one year earlier. The March number was further upwardly revised to a 11.3% rise.

WASHINGTON—Credit union loans outstanding increased 0.6% in April, compared to a 0.1% increase in March of 2021 and a 0.3% increase in April of 2020, according to CUNA’s latest Monthly Credit Union Estimates.

The last year and a half have been a key catalyst in digitizing the member experience for many credit unions over the last year.

WASHINGTON–Congress has passed legislation establishing June 19 as Juneteenth National Independence Day to commemorate the end of slavery in the United States.

WAYNESBORO, Va., — DuPont Community Credit Union here has signed a multi-year agreement for Lumin Digital's cloud-native platform for online and mobile digital banking solutions, the PSCU company announced.

BRUNSWICK, Ga.–Marshland Credit Union has named a new president and CEO to succeed the retiring Jeff Holcombe.

WYANDOTTE, Mich.–Saying it recognizes the need to increase employee pay as the economy continues to re-open, Michigan Legacy Credit Union said it has increased the minimum wage for employees to $16 an hour from $13 an hour, a 23% increase. The rate increases to $18 an hour after one year of employment, MLCU reported.

WASHINGTON—Global remittances are expected to total $702 billion in 2020, down from $719 billion in 2019 (-2.4%). Of that total, $540 billion is expected to have flowed into low and middle-income countries, down from $548 billion (-1.6%), according to new World Bank data.