WASHINGTON—Legislation has been introduced in the U.S. Senate that intends to curtail the ability of banks and credit unions to impose overdraft fees on customers and members.
Fresh Today
NEW YORK–NCUA has lost a case in which it was attempting to seek damages related to toxic mortgage-backed securities bought by credit unions a decade ago.
SAN FRANCISCO–Hundreds of people had their homes foreclosed on after software used by Wells Fargo incorrectly denied them mortgage modifications.
NASHVILLE, Tenn.–With just over a month to go before the inaugural event kicks off, another sponsor has signed on in support of the CUTomorrow Conference, demonstrating its support of credit unions and the concept of growth through collaboration.
ARLINGTON, Va.—Total vehicle sales decreased in July to a seasonally adjusted rate of 16.8 million annualized units. NAFCU Research Assistant Yun Cohen attributed part of the slowdown to higher interest rates and reduced incentives.
LAWRENCEVILLE, Ga.—A new analysis suggests that lenders should look favorably on borrowers seeking a used car loan on some discontinued models.
WASHINGTON—Freddie Mac and Fannie Mae reported net incomes of $2.4 billion and $4.4 billion, respectively, in the second quarter of 2018. Each entity saw slight increases from their first-quarter gains.
WASHINGTON—The U.S. remains critically vulnerable to cyber attack, according to a report from the Government Accountability Office (GAO), which has identified 10 crucial steps it says agencies need to take as well as four major cybersecurity challenges circling the nation’s information security.
MEDFORD, N.Y.–Two credit unions on Long Island have announced a merger. The $1-billion Suffolk Federal Credit Union said it is absorbing the $19.5-million Long Island Community FCU.
PLANO, Texas–The U.S. economy is in the midst of a “sugar rush” right now, but that feel-good state of affairs could change 18 months from now, one economist will be telling credit unions who are set to meet here.