Biden Administration Suspends Collections On More Than 1-Million Defaulted Student Loans 04/06/2021 07:47 pm WASHINGTON–The Biden administration is suspending collections on defaulted student loans held by more than one-million borrowers.
It Makes Little Sense for CUs to Make Any Investments Around QM Rule, Given Potential Changes, CUNA Tells CFPB 04/06/2021 07:45 pm WASHINGTON—The Consumer Financial Protection Bureau’s stated intention to review the General Qualified Mortgage (QM) rule brings uncertainty and instability to the mortgage financing system, CUNA said in a letter to the CFPB.
New NAFCFU Video Urges Level Playing Field Between Fintechs, Regulated FIs 04/06/2021 07:44 pm ARLINGTON, Va. –NAFCU has released a new video it said is designed to urge policymakers to ensure a level playing field between fintechs that are granted bank charters and financial institutions.
Two North Carolina CUs to Merge, New Name to Follow 04/06/2021 07:46 pm CHARLOTTE, N.C.–Two North Carolina credit unions are moving forward with a merger that will also lead to a new name.
Many Americans Spent Last Stimulus Payment on Bills, Analysis Finds 04/06/2021 07:45 pm NEW YORK—When stimulus payments hit financial accounts earlier last month, many Americans spent at least a portion of that money to pay their bills.
Total Vehicle Sales Hit the Gas During March 04/06/2021 07:45 pm ARLINGTON, Va.—Total vehicle sales surged in March from 15.8 million annualized units to 17.8 million during the month. Monthly sales levels were up a massive 56.2% year-over-year.
Community South to Award Classroom Grants 04/07/2021 12:00 pm CHIPLEY, Fla.– Community South Credit Union has announced a new program to award classroom grants to local educators who want to launch unique projects or add technology beyond the normal curriculum.
