WASHINGTON–Several state bank trade associations have filed an amicus brief in support of a petition with the Supreme Court in a case filed by the American Bankers Association that challenges NCUA’s field of membership rule.
Fresh Today
WASHINGTON–More Than 1,350 comment letters were filed with the Comptroller of the Currency in response to a proposal to make changes to rules around the Community Reinvestment Act (CRA).
ARLINGTON, Va.—The Federal Finance Housing Authority (FHFA) must elevate its ability to regulate government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac before it can release them from conservatorship, according to a report by the FHFA’s inspector general.
NEW YORK–A well-known fintech that was among the first to offer mobile-only, low-fee banking services said it is shutting down.
LONDON—Revolut has made its digital banking services debut in the U.S., following months of testing and preparations.
NEWPORT BEACH, Calif.–The CEOs of three CUSOs involved in making Paycheck Protection Program loans say the process is getting better, a new portal is a big improvement over the SBA’s E-Tran solution, the size of the applications is indicative of the types of companies credit unions serve—but the real proof of the pudding will be in whether loans get funded this week.
WASHINGTON–The first stimulus checks of approximately $1,200 are supposed to be sent to Americans this week, which has implications for both credit unions and their members.
ALEXANDRIA, Va.—In what will likely be its first-ever virtual public board meeting, the NCUA board Thursday is set to issue two rules related to appraisals: A final rule that would raise the threshold for residential real estate appraisals and an interim final rule to provide other appraisal relief.
ARLINGTON, Va.—The University of Michigan Survey of Consumers is showing the biggest one-month drop in the consumer sentiment index in history, falling from 89 to 71.
BISMARCK, N.D.–Credit unions in the Dakotas have weighed in how they have responded to the Paycheck Protection Program as well as on what is keeping them up at night.