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WASHINGTON—Increased optimism around home selling conditions helped to push up the Fannie Mae Home Purchase Sentiment Index (HPSI) by 2.1 points in February to 72.8, inching higher for the third consecutive month, Fannie Mae said.

LAWRENCEVILLE, Ga.—Used vehicle values increased in February, signaling the spring buying season may have already begun, Black Book is reporting.

WASHINGTON–Some credit unions may find their small business lenders being hit with collections letters as the Small Business Administration has begun referring as much as $20 billion in delinquent COVID disaster loans with balances of $100,000 or less to the Treasury Department for collection.

WASHINGTON–The National Federation of Independent Businesses is coming off the sideline and staking a position in favor of the Credit Card Competition Act, saying passage is now one of its priorities.

FT. WORTH, Texas–A lawsuit has been filed against the Consumer Financial Protection Bureau over its new rule capping late fees on credit cards at $8. The plaintiffs allege the rule punishes consumers who pay their bills on time.

SAVANNAH, Ga.–Speaking almost one year to the day since customers of Silicon Valley Bank withdrew some $42 billion in deposits over just a few hours, leading to the bank’s collapse, Vince Passione told credit unions here they are going to have to be rethinking their deposit strategies--and that includes using loans as an enticement.

WASHINGTON–The Consumer Financial Protection Bureau is seeking consumer input on how fees have affected them in obtaining a mortgage.

WASHINGTON–Although they are facing layoffs, the employees of America’s Credit Unions who were on hand at the convention center last week for the group’s Governmental Affairs Conference were told to stick to the “talking points” they had been given about the merger between the former CUNA and NAFCU.

MADISON, Wis.—The World Council of Credit Unions (WOCCU) said it has started 2024 by adding two new member organizations: Moldova’s Central National Association of Savings and Credit Associations (CNASCA) as a direct member, and Cresol Confederation as a second associate member from Brazil.

MADISON, Wis.–Just what a good investment housing has been for some can be seen in a new analysis released by TruStage.