WASHINGTON—Fannie Mae and Freddie Mac would need a bailout of up to $99.6 billion under the worst-case economic scenario, according to the Federal Housing Finance Agency’s annual stress tests of government-sponsored enterprises.
Fresh Today
WASHINGTON—Consumer sentiment regarding both buying and selling a home decreased 1.5 percentage points in July to 86.8, according to the Fannie Mae Home Purchase Sentiment Index.
SAN DIEGO—Firefighters First Credit Union in Los Angeles dominated the fifth annual Xpress Data, Inc. 2017 Credit Union Chili Challenge here, winning First Place and the People’s Choice award.
BROOKFIELD, Wis.–Fiserv said it is equipping financial institutions to better understand consumers and identify marketing opportunities within their consumer base through a new marketing analytics solution that is already being implemented by banks and credit unions.
IRVINE, Calif.—The home values trend continues, with new data showing that home prices are up strongly both year over year and month over month.
PURCHASE, N.Y.—Citi Mastercard credit customers in the U.S. can now begin using Citi Pay, the mobile tap-and-pay service the bank first announced in November.
WASHINGTON–Demand for commercial and industrial (C&I) loans weakened over the second quarter of 2017, while banks left their standards on C&I loans basically unchanged, according to new data released by the FDIC.
LAKE FOREST, Ill.—Should the CFPB’s new Know Before You Owe overdraft disclosure prototype forms be formally required, they should not be a big addition to CUs’ compliance plates, asserts one analyst.
WASHINGTON—House Financial Services Subcommittee on Oversight Chairman Ann Wagner (R-MO) is being urged to correct the "mistruths and half-truths" asserted to the lawmaker last week by the Independent Community Bankers of America about credit unions.
SAN FRANCISCO–The fake-account-opening scam that led to more than $185 million in fines against Wells Fargo and from which it has yet to recover may be even larger than believed.