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ST. PAUL, Minn.–Three credit unions and the Minnesota Credit Union Network have filed suit against Minnesota’s state regulator after it barred credit unions from acquiring banks.

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has announced the renewal and expansion of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in non-financed purchases of residential real estate. 

WASHINGTON–Ongoing mortgage rate increases are being blamed for new data showing the number of first-time homebuyers is at an all-time low. The first-time buyers were also the oldest they have ever been.

LAWRENCEVILLE, Ga.—The used car market continues to return to more normal levels of depreciation, according to the latest data from Black Book, although valuations still remain far above where they were two years ago.

BEIJING—Transactions with China’s central bank digital currency exceeded 100 billion yuan in value ($13.9 billion) as of Aug. 31, 2022, rising from almost 88 billion yuan by the end of 2021, the People’s Bank of China (PBOC) announced.

WASHINGTON–The economy continues to add jobs at a strong clip even though the Fed has been raising rates in an effort to cool things down and tame inflation. But one credit union economist believes the data indicate the Fed rate increases are slowly having the desired effect

TUSCALOOSA, Ala. – The League of Southeastern Credit Unions & Affiliates (LSCU & Affiliates) and CUNA have named Alabama Credit Union as the winner of the Dora Maxwell Social Responsibility Award in the more than $1 billion asset-size category in the state.