Scandals! Fake Accounts! Mistaken Foreclosures! Naturally, Wells Fargo Business Grows 11/25/2018 03:24 pm SAN FRANCISCO—Wells Fargo consumers appear to be standing by the bank, which has been hit by a number of scandals over the past few years, most notably the creation of up to 3.5 million fake accounts.
American Express to Be First U.S. Card Company to Build Payments Network in China 11/25/2018 03:16 pm NEW YORK—American Express has become the first U.S. credit card company to get the green light to start building its own payments network in China.
Cease & Desist Order Given to 4 Cryptocurrency Firms 11/25/2018 03:16 pm DENVER—Colorado’s Division of Securities has issued a cessation order to four cryptocurrency firms for issuing unregistered securities through Initial Coin Offerings (ICO).
Chartway Goes In New Direction With Redesigned Branch 11/25/2018 03:16 pm NORFOLK, Va.–Chartway FCU has officially opened a branch newly redesigned by NewGround here that represents a significantly different retail approach for the credit union.
Long Winter Night? Video Recordings Of NCUA Board Meeting, Briefing Now Available 11/25/2018 03:17 pm ALEXANDRIA, Va.–The video recordings of the National Credit Union Administration’s Oct. 17, 2018, public budget briefing and Oct. 18, 2018, open board meeting are now available on the agency’s website.
…Agencies Increase Threshold For Exemption For Special Appraisal Requirements 11/25/2018 03:18 pm WASHINGTON—The Bureau of Consumer Financial Protection, Federal Reserve Board of Governors, and Office of the Comptroller of the Currency have announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2019 will increase from $26,000 to $26,700.
FDIC Proposes Raising Threshold For Appraisal Requirement To $400K As… 11/25/2018 03:18 pm WASHINGTON–The Federal Deposit Insurance Corporation (FDIC) has issued a notice of proposed rulemaking to raise the threshold for residential real estate transactions requiring an appraisal to $400,000.
Report: Opportunity to Fill ‘Credit Gap’ With Small Biz 12/04/2018 08:04 pm LOMBARD, Ill.–The recent Small Business Saturday was a reminder of the huge role of the segment in the U.S. economy–5.9 million non-sole-proprietorships also are responsible for 41 cents of every dollar earned by American workers–but also a good time to recognize many small businesses lack access to credit, according to Raddon.
Car Lease Approval Rates Continue To Improve 11/27/2018 07:58 pm CINCINNATI—Car lease credit applicants registered a 70.9% approval rate in October, a slight rise from the September rate of 69.8%, Swapalease.com reports.
Senate Urged To Act On Extending Flood Insurance Program 11/27/2018 08:00 pm WASHINGTON—Senate leaders are being urged to act on legislation to extend funding for the National Flood Insurance Program (NFIP) before it expires at midnight Friday.
