Fresh Today

Fresh Today

LOS ANGELES–Credit union members here shopping for a new home increasingly need larger and larger downpayments, as home prices zoom. The median home price in Los Angeles county hit a new high of $560,500 in May, up 6.8% over one year earlier, according to new data from CoreLogic.

WASHINGTON—NAFCU, CUNA and 21 other trade associations urged subcommittee leaders under the House and Senate Appropriations Committees on Thursday to include language in their fiscal 2018 spending bills that would transition the governance structure of the CFPB to a five-person bipartisan commission.

CHERRY HILL, N.J.—Nine out of ten (91%) finance professionals believe that cyberattacks and payment fraud will get worse within the next three years, according to a survey from TD Bank.

OLYMPIA, Wash. – One credit union here is urging state workers to start preparing now in the event of a state government shutdown. It also said it will provide assistance should state employees start missing paychecks.

WASHINGTON–The nation's largest bank holding companies have strong capital levels and retain their ability to lend to households and businesses during a severe recession, according to the results of supervisory stress tests released by the Federal Reserve Board.

WASHINGTON–Credit Union Miracle Day (CUMD), which sponsors the annual Credit Union Cherry Blossom Ten Mile Run in the Spring, has announced the winners of awards that include the top credit union running team, fastest credit union runners, most spirited volunteer team and top fundraisers.