ARLINGTON, Va.– The National Consumer Cooperative Bank (NCB), the holding company of National Cooperative Bank, with which numerous credit unions have relationships, has issued a $41 million patronage refund to 1,657 cooperative stockholders nationwide, including $12.3 million in cash.
WASHINGTON–A consumer group is praising the CFPB’s final rule under the Real Estate Settlement Procedures Act (RESPA) related to helping homeowners impacted by the COVID-19 pandemic, but said the new protections need to be extended.
NEW YORK–A bipartisan coalition of 28 attorneys general has expressed support for a bill designed to improve the ability of the Federal Trade Commission (FTC) to combat fraudulent and anticompetitive conduct.
HAMPSHIRE, U.K.–A new study is forecasting the global value of virtual card transactions will reach $6.8 trillion in 2026, from $1.9 trillion in 2021.
WASHINGTON–House Democrats are again taking aim at overdraft fees.
RANCHO CUCAMONGA, Calif.–Credit unions are being urged to prepare now for “strong payment portfolio growth,” with one person saying spending on credit cards is “on the cusp of a run.”
DOVER, N.J.–NCUA has liquidated tiny Defense Logistics FCU and sold its assets, member shares and loans to Pentagon FCU.
WASHINGTON—The Federal Housing Finance Agency (FHFA) announced changes to loan modification terms for COVID-19 impacted borrowers with mortgages backed by Fannie Mae or Freddie Mac needing payment reduction for successful home retention.
NEWPORT NEWS, Va.–Two Virginia credit unions have announced plans to combine.
WETHERSFIELD, Conn.–Two credit union CEOs have announced retirement plans, with one of the CUs naming a successor.
