MINNEAPOLIS, Minn.—U.S. Bank has become the first to announce a new small-dollar loan product for its checking account customers following new guidance put forth by the Office of the Comptroller of Currency encouraging banks to offer more short-term, small-dollar loans.
WASHINGTON–CUNA has sent a letter to the Financial Accounting Standards Board (FASB) expressing support for a proposed change to the current expected credit loss (CECL) accounting standard.
SEOUL, South Korea—At an annual international conference of regulators here, the South Korean Financial Supervisory Service urged regulators from 14 other countries to create an international discipline system for cryptocurrency and initial coin offerings.
PRINCETON, N.J.—Hu-manity.co, a company that has been advocating for what it calls the “31st human right,” the right of individuals to own their data as property, has announced the launch of an Android app aimed at giving consumers the power to claim, control and manage their data.
SAN JOSE, Calif.—PayPal said it now has more than 250 million customers using its payment services.
HOBOKEN, N.J.–The amount of student debt being carried by many Americans–and the years and even decades needed to repay it–is no secret. But a new study has found there are some borrowers who navigate student loan repayment with efficiency, employing strategies that allow them to pay back that debt in just a few years, according to LendEDU.
WASHINGTON—Mortgage lenders reported a net negative profit margin outlook for the eighth consecutive quarter amid the further erosion of purchase mortgage demand, according to Fannie Mae's Q3 2018 Mortgage Lender Sentiment Survey.
LUMBERTON, N.C.–Credit unions, their members and communities today in North and South Carolina are dealing with the effects of Hurricane/Tropical Storm Florence today, including significant damage that is expected to grow even worse this week.
ALEXANDRIA, Va.—A new NCUA report reveals that in 18 states the median membership growth rate for federally insured credit unions was negative in Q2.
Meanwhile, Washington showed the highest median loan growth during the second quarter, while Idaho led the way in asset growth, according to NCUA’s second quarter state-level data.
ALEXANDRIA, Va.—NCUA this Thursday will issue a proposed rule on real estate appraisals during its open board meeting.
