WASHINGTON–In a rare display of bipartisanship, the Senate has voted in favor legislation that would have the Federal Housing Administration (FHA) lighten up on its condo financing regulations and make low down payment FHA loans more available to the people they are supposed to serve — moderate-income buyers, many of them minorities and first-time purchasers, who turn to condominiums as their most affordable option.
Fresh Today
The $1.3-billion Centra Credit Union has named Rick Silvers as its new CEO. Silvers most recently served as chief retail officer at $2.9-billion Teachers Credit Union, the state’s largest by assets and members. He spent two years at Teachers and previously held positions with Fifth Third Bank and Huntington Bank.
HAVRE, Mont.–A former employee of Bear Paw Credit Union here has been charged with stealing nearly $130,000 from the credit unions.
PURCHASE, N.Y. – MasterCard said it has entered into a definitive agreement to acquire 92.4% of VocaLink Holdings.
COSTA MESA, Calif.—A new report identifies five trends that businesses should assess and take action on to mitigate fraud and improve the customer and member experience.
WASHINGTON—The CFPB Friday proposed updates to its Know Before You Owe mortgage disclosure rule in an effort to formalize guidance in the rule, and provide greater clarity and certainty, the Bureau stated.
LANSING, Mich.– The Michigan Credit Union League has become the latest to join the class action lawsuit against the Wendy’s restaurant chain after the recent data breach that impacted more than 100 of its locations across Michigan.
ALEXANDRIA, Va.–NCUA has issued eight notices of prohibition to individuals who have been convicted of crimes of dishonesty and, as a result, are prohibited from participating in the affairs of any federally insured financial institution.
ARLINGTON, Va.—Looking for any impact on credit unions, NAFCU is analyzing the CFPB’s outline of proposals under consideration that would place restrictions on how debt collectors communicate with debtors and would simplify the process for those debtors who want to dispute their debt.
ALEXANDRIA, Va. –Today, Aug. 1, is the final day to comment on NCUA’s efforts to modernize its examination and supervision program.