WASHINGTON– A new “tech sprint” designed to explore new technologies and techniques that would help expand the capabilities of banks to meet the needs of unbanked individuals and households has been announced by the FDIC.
Fresh Today
WASHINGTON—The federal government is accusing one lender of making physical threats and even claiming it would claim certain borrowers were child molesters if debts weren’t paid.
WASHINGTON—Credit union loans outstanding increased 0.6% in April, compared to a 0.1% increase in March of 2021 and a 0.3% increase in April of 2020, according to CUNA’s latest Monthly Credit Union Estimates.
WASHINGTON–Congress has passed legislation establishing June 19 as Juneteenth National Independence Day to commemorate the end of slavery in the United States.
RANCHO CUCAMONGA, Calif. – Following sharp growth across numerous payment categories in March, spending was flat or slightly up in April, according to CO-OP Financial Services data, which also points to spending patterns starting to revert to those seen before the pandemic.
GRAND RAPIDS, Mich.—The $10.4-billion Lake Michigan Credit Union is buying another bank in Florida, including a subsidiary that does aircraft lending.
WASHINGTON–It isn’t just NCUA and credit unions wrestling with the equity ratio of a deposit insurance fund.
WASHINGTON–A preliminary analysis released by the CFPB of the differences in lending patterns for lenders below and above the 100-loan closed-end threshold for Home Mortgage Disclosure Act (HMDA) reporting indicates lenders with the smaller volumes of loans appear to make more “investment-purpose” loans to higher-income borrowers and non-natural person borrowers than higher-volume lenders.
ARLINGTON, Va.—Total retail sales declined 1.3% in May following April's modest, upwardly revised rise, but are still up significantly over one year earlier. The March number was further upwardly revised to a 11.3% rise.
WINSTON-SALEM, N.C.– After years of study that began prior to the pandemic, Truliant Federal Credit Union said it has developed a plan for offering full-time and flexible work-from-home options for employees when its corporate office reopens later this year.