FHFA Needs to be More ‘Transparent’ Around Credit-Scoring Models, Say Trade Groups 12/21/2023 07:17 pm WASHINGTON—The FHFA should be more “transparent” with its data and analyses regarding credit scoring models and the shift to bi-merge reporting, according to a letter sent by CUNA, NAFCU and a number of other trade associations.
Four Leaf Lender: Borrowers Flocking to Credit Unions for Mortgages in One Country 12/21/2023 07:10 pm DUBLIN, Ireland–Homebuyers in Ireland have started to turn to the country’s credit unions in a big way.
Space Coast CU Sells $422M in Auto Loans, With Support from ALM First 12/21/2023 07:13 pm DALLAS – ALM First is reporting it served as a consultant for Space Coast Credit Union throughout its recent auto loan securitization process, which was the $9.03-billion CU’s first.
Catalyst Corporate to Return $24 Million to Member CUs 12/21/2023 07:13 pm PLANO, Texas – Catalyst Corporate FCU is reporting its board and NCUA have approved the call of 12.5% of the outstanding balance of its perpetual contributed capital (PCC) shares as of Dec. 31, 2023.
Comment Period Now Open on NCUA’s Overhead Transfer Rate Methodology 12/21/2023 07:17 pm ALEXANDRIA, Va. –NCUA is reminding the comment period on the Overhead Transfer Rate Methodology is now open and will run through Feb. 20, 2024.
7 Fintech Trends for 2024, According to One Forecast 12/26/2023 07:36 pm NEW YORK—What should credit unions expect fintechs to focus on 2024?
The Post-Holiday Member Behavior Issue CUs Will Need to Watch For 12/26/2023 07:41 pm NEW YORK–In early 2024, credit unions are going to need to be wary of members who have accumulated loan debt during the holidays that isn’t showing up on credit reports.
Corporate One Reports it has Now Connected 18 CUs to RTP Network 12/26/2023 07:39 pm COLUMBUS, Ohio–Corporate One FCU is reporting is has now connected 18 credit unions to the RTP network via its Third-Party Service Provider (TPSP) solution.
Satisfaction With Biggest Banks Rises, But Some ‘Warning Signs’ Identified 12/26/2023 07:38 pm TROY, Mich.–A comprehensive survey of the customers of nine national banks across seven factors has revealed an increase in overall satisfaction, as well as some “warning signs” over how readily customers will leave to chase rates.
Despite ‘Start-Up Winter,’ One Sector Is Seeing Plenty of Interest: Fintech 12/26/2023 07:40 pm Fintech SAN FRANCISCO–In what will come as no surprise to any credit union that has attended a pitch session by fintechs seeking investments from credit unions, start-ups offering AI-related solutions are defying the overall trend and having little difficulty raising funds.
