WASHINGTON—Six Democratic members of the Senate Banking Committee want to allow government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to rebuild their capital reserves, but also want the GSEs to remain in conservatorship until housing finance reforms are made.
BIRMINGHAM, Ala./TALLAHASSEE, Fla.—The aftermath of Hurricane Irma continues to take its toll on credit unions this week after the storm devastated much of Florida with flooding and extended power outages.
CINCINNATI—Car lease credit applicants registered a 68.3% approval rate for August, just shy of the “healthy” mark of 70%, reports Swapalease.com, which believes Hurricane Harvey something to do with the outcome.
WASHINGTON—The Consumer Financial Protection Bureau has issued a no-action letter to Upstart Network, Inc., which uses alternative data in making credit and pricing decisions.
WASHINGTON—The CFPB is creating a small business lending rule that would be “overly burdensome” for credit unions, according to CUNA.
LAWRENCEVILLE, Ga.—The rate of used vehicle depreciation increased slightly in August, according to a new report.
EDWARDSVILLE, Ill.–The $1.7-million Madco Credit Union has merged. The 561 members of Madco have agreed to merge into the $695-million 1st MidAmerica Credit Union in Bethalto, Ill.
MADISON, Wis.— CUES said that 26 credit union executives have completed all three years of its executive education program, CEO Institute.
SAN DIEGO–San Diego County Credit Union has bid $500,000 for the naming rights to Qualcomm Stadium here.
WASHINGTON—The Consumer Financial Protection Bureau has filed a proposed final judgment in federal court that would resolve a lawsuit against Prime Marketing Holdings, LLC for illegal credit repair practices.
