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NEW YORK–Americans over age 70 have seen a sharp increase in their total debt level over the past 20 years representing an increase of 543% to $1.1 trillion, according to new data from the Federal Reserve Bank of New York.

ARLINGTON, Va.—NAFCU Regulatory Affairs Counsel Kaley Schafer reiterated support for the Federal Housing Finance Agency's (FHFA) efforts to protect government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from risks posed by residential property assessed clean energy (PACE) financing, but cautioned against disclosures that could burden financial institutions without adding consumer protections.

SCOTTSDALE, Ariz.—Mobile check deposit usage by consumers is markedly rising, according to Cornerstone Advisors’ new 2020 Mobile Deposit Benchmark Report, which ranked the top 20 U.S.-based banks on their mobile deposit user experience.

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