WASHINGTON–The Federal Housing Finance Agency said it plans to launch this fall a review of the structure and role of the Federal Home Loan Banks, including whether to expand services to include nonbank mortgage companies and real-estate investment trusts.
WASHINGTON–A group of congressional Democrats wants to investigate a fintech that is offering buy now, pay later (BNPL) financing to the gun industry in which one company that uses the service promotes as “Buy Now, Shoot Later.”
PHILADELPHIA–With college football already underway this year and the NFL kicking off its season this weekend, a new survey offers insights into whether inflation will affect sports betting and whether people are going into card debt to do so.
CHARLOTTE, N.C.–Bank of America is piloting a new program that offers mortgages to Black and Latino first-time homeowners that do not require down payments, minimum credit scores or closing costs.
NEW YORK-Researchers at Goldman Sachs have released a new paper that now forecasts that activity in the U.S. housing market will end 2022 down across the board.
MADISON, Wis. – Summit Credit Union has obtained naming rights to an endzone space in the University of Wisconsin’s newly renovated Camp Randall Stadium to be known as the “Summit Credit Union Fifth Quarter Patio.”
WASHINGTON–A new report from the CFPB that focuses on rural Appalachians found people in the region tend to earn less than consumers in other rural areas, have higher rates of subprime credit, and, in particular, see a much higher rate of medical debt collections.
NEW YORK–The need to combat high inflation is likely to require lifting the central bank’s benchmark short-term interest rate above 3.5% and then holding it at that level through next year, according to Federal Reserve Bank of New York President John Williams.
TUKWILA, Wash.–The BECU Foundation has announced the 2022 nonprofit recipients of the inaugural Green Equity Initiative, which is a commitment of up to $875,000 to support environmental sustainability through green workforce development and entrepreneurship.
PLANO, Texas–A research report has identified the “Five Trends Driving the Digital Banking Landscape.”
