Money 20/20 Coverage: The ‘Fifth Shift’ For Which FIs Need to be Ready 10/25/2022 08:11 pm LAS VEGAS–The fifth “massive” technological shift is underway and the resulting changes to financial services are going to be “monumental,” according to one person.
FHFA Looks to Loosen FICO’s Hold on Mortgage Approvals, Says Lenders Should Also Use Scores from VantageScore 10/25/2022 07:40 pm NASHVILLE, Tenn.—FICO’s hold on the mortgage market is loosening. The Federal Housing Finance Agency said it will now require lenders that use credit scores for mortgage underwriting to use scores from both Fair Isaac Corp., the creator of FICO credit scores, and its competitor VantageScore Solutions LLC.
Advantis CUn Extends Co-op Relationship 10/25/2022 08:04 pm PORTLAND, Ore.–The $2-billion Advantis Credit Union is extending its relationship with Co-op Solutions.
Economists Surveyed Say They Expect 75 BP Increase in Rates in November, Call on Fed Not to ‘Pause’ 10/25/2022 07:41 pm WASHINGTON–A survey of economists by Reuters has found most agree the Federal Reserve will go for its fourth consecutive 75 basis point interest rate hike when it meets on Nov. 2, with the economists saying the central bank should not pause until inflation falls to around half its current le
Inswitch, MC Partner to Expand Digital Payments Across Latin America 10/25/2022 08:20 pm PURCHASE, N.Y.—Inswitch reported it is now working with Mastercard to design and deliver digital payment solutions and issuing programs starting with selected countries across Latin America.
Money 20/20 Coverage: A ‘Big Shift,’ the ‘Creator Economy,’ Payments & Inclusion All Discussed 10/27/2022 07:29 pm LAS VEGAS–One the final day of the meeting, attendees at the Money 2020 Conference here were told there is a “big shift” taking place in the B2B space, given an update on what the “creator economy” is seeking, heard from one regulator on how it sees its role, and were told that payments can be a great tool for improving inclusion.
Nominations Open for 8 CUNA Board Seats 10/27/2022 07:25 pm WASHINGTON—Nominations are now being accepted for eight open director positions on CUNA’s board of directors.
CUs in State Up North, State Down South Name New Leaders 10/27/2022 07:27 pm COLUMBUS, Ohio–Credit unions in Ohio and Michigan have named new leadership.
Home Sales Declined in September, But Prices Remain High 10/27/2022 07:27 pm ARLINGTON, Va.—New home sales fell 10.9% in September to 603,000 annualized units. Sales in August were revised down 8,000 units. Compared to last year, September sales were down 17.6%, according to new federal data.
