Advanced search

NEW YORK–The Federal Reserve Bank of New York has expressed concern over rising delinquencies in auto loans made to subprime borrowers.

LAKE FOREST, Ill.—Small business lending among all FIs has yet to climb back to pre-recession levels, and the issue is bigger among smaller banks and CUs.

ORLANDO–Credit unions in Arizona, Florida and the Washington, D.C., area have announced merger plans.

LAYTON, Utah—Is the “serverless” credit union on the horizon?

CARSON CITY, Nev.–The United States Department of Agriculture (USDA) named Greater Nevada Credit Union the 2016 National Lender of the Year, after the credit union obligated 17 loans worth more than $120 million.

WASHINGTON—NAFCU and CUNA have filed an amicus brief supporting NCUA’s motion to dismiss the lawsuit recently filed by the Independent Community Bankers of America (ICBA) which challenges the agency’s authority to issue its latest member business lending rule.

WASHINGTON—Both the NCUA and CFPB have released their rulemaking agendas, but the fate of the latter’s plans are uncertain as President-elect Donald Trump prepares to take office in January with a new Republican-led Congress.

WASHINGTON—The CFPB has appealed the U.S. Court of Appeals initial ruling that found its structure unconstitutional.

AUBURN HILLS, Mich.–After collecting donations from staff, Genisys Credit Union presented Lighthouse of Oakland County with approximately 300 pounds of food and a check for $1,000.

LAWRENCEVILLE, Ga.—While smaller cars, such as sub-compacts, have faced much higher depreciation in the last two years compared with full-size pickups, Black Book warns lenders not to heavily target trucks over the economy cars to fill the portfolio.