As Economic Uncertainty Grows, Raddon Urges Credit Unions to Reevaluate Earnings Models 04/22/2025 06:46 pm MILWAUKEE—Amid significant ambiguity coming out of Washington, credit union leaders and analysts are raising numerous questions about the economy and the industry's future. But the most pressing question credit unions must answer for themselves is whether their earnings model is suited for these uncertain times, Raddon is saying.
Share of Mortgage Loans in Forbearance Decreases Slightly to 0.36% in March 04/22/2025 01:54 pm WASHINGTON—The total number of loans now in forbearance decreased by 2 basis points from 0.38% of servicers’ portfolio volume in the prior month to 0.36% as of March 31, 2025, the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey reveals.
Merchants Group Urges Passage Of Credit Card Competition Act Despite Capital One-Discover Merger Approval 04/22/2025 01:52 pm WASHINGTON—Despite regulatory approval of Capital One’s plans to acquire Discover, passage of the Credit Card Competition Act is still needed to bring competition to billions of dollars in soaring credit card “swipe” fees, the Merchants Payments Coalition said.
Affirm Expands Credit Reporting With TransUnion To All Pay-Over-Time Products 04/24/2025 10:52 am CHICAGO —In a move that will help consumers manage their credit, Affirm Holdings has expanded the credit reporting of its pay-over-time products to TransUnion, the companies jointly announced.
Existing-Home Sales Fell 5.9% In March 04/24/2025 12:20 pm WASHINGTON--Existing-home sales fell 5.9% in March, according to the National Association of REALTORS.
Radiant Credit Union And First Coast Community CU Plan To Merge 04/24/2025 10:52 am GAINESVILLE, Fla.—The $850-million Radiant Credit Union here and $150-million First Coast Community Credit Union, based in Palatka, Fla., have announced plans to merge.
Waller: Fed Unlikely To Cut Rates Before Midyear 04/24/2025 02:46 pm WASHINGTON— Although President Trump has urged the Fed to initiate "preemptive" interest rate cuts, a senior Federal Reserve official indicated the central bank is unlikely to adjust monetary policy before the second half of the year.
