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WASHINGTON — The CFPB and the Justice Department have taken action to end Fairway Independent Mortgage Corporation’s “illegal mortgage lending discrimination against majority-Black neighborhoods” in the greater Birmingham, Ala., area, the CFPB reported.

ALEXANDRIA, Va.—The American Bankers Association is asking NCUA to require “greater accountability” from credit unions seeking to acquire banks. The request includes requiring CUs to get membership approval on the buys and disclose the price of the deal.

WASHINGTON—The Defense Credit Union Council (DCUC) is telling NCUA it is concerned over the potential application of Community Reinvestment Act (CRA) provisions to credit unions.

PLANO TEXAS—Later this year credit unions will recognize “their true balance sheet size” as market volatility begins to shake out, says one economist.

SPRINGFIELD, Ill.—Credit unions’ efforts to challenge the Illinois Interchange Fee Prohibition Act (IFPA) continues, with two new separate court filings.

FLINT, Mich.—Dort Financial Credit Union, the Dort Financial Center and the Flint Firebirds—a junior ice hockey team—have extended the naming rights partnership between the three organizations for 10 years, through the 2034-35 Firebirds hockey season.

ST. PETERSBURG, Fla.–Consumers today prefer credit over debit when it comes to their preferred top-of-wallet payment method, according to Velera’s 2024 Eye on Payments study.

WASHINGTON--The Defense Credit Union Council (DCUC) has presented USA Cares, the selected charity recipient for DCUC's 2024 Conference with a Purpose, with a check reflecting the total donations raised during the 2024 DCUC Annual Conference held from Aug. 12 to Aug. 16, 2024.