ARLINGTON, Va.—While lack of affordable inventory has hampered the housing market in recent months, the number of home groundbreakings rose to a 13-year high in December – up 16.9% to 1.61 million annualized units – according to data released by the Census Bureau.
WASHINGTON—NAFCU and CUNA have sent a number of comment letters on issues that include remittance transfers under the EFT Act, proposals related to TILA/RESPA, and concerns over multi-lender pools.
WASHINGTON—CFPB Director Kathy Kraninger indicated in a letter to lawmakers last week that the Bureau plans to extend the Ability to Repay/Qualified Mortgage rule’s exemption for loans eligible for purchase by the government sponsored enterprises (GSE) from its 43 debt-to-income (DTI) cap, an exemption commonly referred to as the GSE Patch. NAFCU has joined with eight other trade groups to urge the Bureau to continue using a modified DTI ratio and suggest changes to Appendix Q.
WASHINGTON—U.S. lawmakers are reportedly discussing a new bill entitled the “Cryptocurrency Act of 2020.”
MILWAUKEE – La Macchia Group has announced a new president, a new CFO and a long-term succession plan for the design-build company.
YAKIMA, Wash.–Solarity Credit Union said it has joined with other businesses here to help employees of Astria Regional Medical Center, which abruptly closed and put hundreds out of work.
OAKLAND, Calif.–What would happen if a consumer’s financial institution closed the local branch? Just one-third of Americans say they would be “inconvenienced” by such a closure, according to a new survey that shows the ongoing shift from physical to digital-only mobile banking apps.
ST. LOUIS– Are college degrees worth it? And which offer the best ROI? The two questions are critical to credit unions and their members as both lenders and borrowers, and a new analysis offers some lessons.
EDMONTON, Alberta–Servus Credit Union said it is bringing back the $1 million prize that is awarded as part of its The Servus Big Share Contest.
The contest, which debuted in 2019 and is returning in 2020, is designed to encourage Albertans to save money, and in doing so over a period of four months address a major financial challenge for people – incorporating healthy savings habits into their lives.
BRUNSWICK, Maine – A long-serving CU president has retired, while in another state two CUs have nearly completed their merger.
