WASHINGTON–Secretary of Housing and Urban Development Ben Carson is promising to help banks to get more comfortable when it comes to financing lower-income borrowers, and that includes addressing fears over being penalized for immaterial mortgage lending errors.
NEW YORK–Student lending companies across the country have been trying to derail state investigations of allegedly abusive practices by asking the Department of Education to issue formal guidance saying federal law preempts state probes, according to a claim being made by a bipartisan group of 25 attorneys general.
WASHINGTON—The World Bank believes Blockchain may be especially useful in moderating the ongoing de-risking by financial institutions.
HAMILTON, Bermuda–The Bermuda Public Services Union has entered into a “strategic partnership” with Bermuda Credit Union in order to provide greater access to credit for members. The announcement was made on International Credit Union Day.
MISSOULA, Mont.–A multi-employer arrangement that offers health and wellness insurance among a group of Montana credit unions has been recognized with an award.
PURCHASE, N.Y.—Joining the growing movement to skip the signature at the point of sale, Mastercard announced it is eliminating the need to sign for purchases made on its plastic at retail, as of April.
WASHINGTON—Is the OCC backing away from its proposal to establish a special purpose national bank charter for fintechs? One new report suggests that may be the case, based on recent comments from Keith Noreika, acting Comptroller of the Currency.
PHILADELPHIA—A recent study by the Federal Reserve Bank of Philadelphia found that credit unions are growing faster than small banks and have gained market share relative to small banks.
CINCINNATI—Is competition from leasing driving more consumers away from car loans?
WASHINGTON–Following NCUA's 2018-19 proposed budget and budget hearing, CUNA and NAFCU have outlined areas of the budget the agency can still address.
