WASHINGTON–The rivalry between credit unions and banks was given feature treatment in the Wall Street Journal.
Fresh Today
WASHINGTON–The Consumer Financial Protection Bureau has taken action against two co-founders of a company that resold loan applications containing sensitive personal data to lenders and data brokers without assessing the sources of those leads or the purchasers they sold to.
LIVONIA, Mich.–Zeal Credit Union said it will sponsor a second attempt at breaking the U.S. record and the Guinness World Record for a chain reaction event that will involve some 250,000 dominoes.
HAUPPAUGE, N.Y.—GrooveCar has expanded its indirect auto retail program within New Jersey through its partnership with Affinity Federal Credit Union.
ALEXANDRIA, Va.-NCUA has issued six 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.
WASHINGTON–Federal Reserve Chairwoman Janet Yellen sent another signal on Friday that the Fed could move to raise rates within the next few months, especially as the economy continues to build some steam.
WASHINGTON–The CFPB’s report on consumer testing of periodic statements for borrowers who have filed a bankruptcy petition is based on a sample that is too small, while its meaning is frequently confusing, according to a joint comment letter from CUNA and NAFCU.
ARLINGTON, Va.—NAFCU is urging the CFPB to set a 24-month implementation period for its mortgage servicing amendments, once that rule is finalized, to give credit unions some breathing room between that date and implementation of the Home Mortgage Disclosure Act rule.
TAMPA, Fla. – GTE Financial Credit Union has named Brian Best as its new president and CEO.
WASHINGTON–The 30-year fixed-rate mortgage averaged 3.64% with an average 0.5 point for the week ending May 26, 2016, up from one week earlier when it averaged 3.58%, according to Freddie Mac.