HOBOKEN, N.J.–LendEDU has released its second annual student loan default rate report, using Department of Education data to identify default rates at nearly 4,500 colleges and to analyze statewide and school-type trends.
Fresh Today
WASHINGTON—CUNA is expressing its strong support for the three goals included in the Federal Housing Finance Agency’s (FHFA) strategic plan, stating credit unions have a “substantial interest” in effective-functioning FHFA-regulated entities, including Fannie Mae, Freddie Mac and the Federal Home Loan Bank (FHLB) system.
BISMARCK, N.D./SIOUX FALLS, S.D.–The Credit Union Association of the Dakotas has announced a new name and branding. During its annual Summit meeting here, the organization said its new name is the Dakota Credit Union Association.
WASHINGTON—The Consumer Financial Protection Bureau has issued a policy statement on applications for early termination of administrative Consent Orders.
ALBANY, N.Y.—New York Attorney General Letitia James announced that the state has renewed for the seventh time an order to halt the collection of medical and student debt owed to the state of New York that has been specifically referred to the Office of the Attorney General (OAG) for collection for an additional 30-day period.
WASHINGTON—Sen. Pat Toomey (R-PA) announced he will not seek re-election in 2022.
PANAMA CITY, Fla.–Bay Credit Union has named a new president and CEO. The credit union has selected Mike Akers to lead the organization. Akers has more than 17 years’ experience in credit unions.
PURCHASE, N.Y.—Mastercard reported it is expanding its Digital First Card program in North America by partnering with several payment processors to provide consumers with end-to-end payments options at scale.
OWENSBORO, Ky.–After 47 years in financial services, including 42 in credit unions, Beverly Knott has retired.
BROOKFIELD, Wis.–As a growing number of consumers have embraced digital payments during the COVID-19 pandemic, financial institutions have added or enhanced person-to-person (P2P) payment capabilities, with more than 200 banks and credit unions going live on the Zelle Network via Fiserv to date in 2020, the company said.