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ALEXANDRIA, Va.—NCUA should only promulgate new rules or expand existing rules if they are “clearly warranted based on a compelling need,” America’s Credit Unions wrote to the agency. 

JACKSON, Mich.–American 1 Credit Union has purchased land at 900 N. Cooper Street here to be the home of its corporate operations.

PLANO, Texas—With homeownership getting further out of reach for a growing number of Americans, one economist is expressing concerns that lenders may take greater risks with new types of loans to get more borrowers under roof, especially if a housing market correction occurs.

WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has published a new Supervisory Highlights report that shares the key findings from its recent examinations of auto and student loan servicing companies, debt collectors, and other financial services providers.

VANCOUVER, B.C.–Vancity Credit Union has announced plans to lay off 7% of its workforce. The credit union is citing financing losses and rising costs as the reasons for the layoffs, according to the CBC.

WASHINGTON–Some 97.4% of mortgages were current and performing at the end of Q1, up 0.2 percentage points from Dec. 31, 2023, but down four basis points from Q1one year earlier, according to new data from the Office of the Comptroller of the Currency (OCC).

SAN FRANCISCO—PayPal said it is seeking to drive growth by launching an ad network supported with something it already owns: data on its millions of users, according to a new report.

RALEIGH, N.C.–With assistance from the SECU Foundation, Bertie County, N.C., has opened its doors to welcome tenants to a new 24-unit housing complex for public school and local government employees.