WASHINGTON—On the surface, credit card portfolios are performing well, but “peel back the onion” and there are some potential problems, according to one analyst.
Fresh Today
DENVER–Residential mortgage prepayment rates dropped in 48 states and the District of Columbia between the 12-month period that ended July 31 and the 12-month period that ended Oct. 31, according to newly released data.
WASHINGTON–FDIC Board member Martin Gruenberg has issued a statement clarifying what is intended for banks in relief from the Volcker rule.
COSTA MESA, Calif.–CU members who have been making their cellphone payments on time may soon qualify for higher loan limits and other credit increases.
FLINT, Mich.–With a record number of votes cast, Hurley Children’s Hospital here has won the Credit Unions for Kids’ Vote for Miracles campaign, winning the top $50,000 prize.
WASHINGTON–Although debate has increased recently over whether it should do so, as expected, the Fed has moved to raise interest rates. The Federal Open Market Committee (FOMC) voted to raise the target range for the federal funds rate to 2%-2.25% to 2.25%-2.50%.
WARNER ROBINS, Ga.–Robins Financial Credit Union has announced it is returning $13 million as part of a “Member Rebate.”
COLUMBUS, Ohio–Adam Kearns, VP of business development for the Ohio Credit Union League, has died.
WASHINGTON—CUNA is raising concerns over several recently proposed changes to the Small Business Administration’s (SBA) regulations pertaining to Express Loans and Affiliation Standards.
WASHINGTON—The “critical role” credit unions play in supporting the nation's small businesses was emphasized in a letter to the Small Business Administration.