LOWELL, Mass.—Jeanne D’Arc Credit Union said it will become the first Massachusetts credit union to take advantage of a new interstate branching bill and move across the state line into Nashua, N.H.
Fresh Today
WASHINGTON—Saying it is taking steps to improve checking account access amid concerns that consumers are being sidelined by inaccurate information used to screen potential customers, the CFPB is warning banks and credit unions about their “obligations” to be accurate when sharing consumer checking data to credit reporting companies.
LAKE FOREST, Ill.—The CFPB’s warning to banks and credit unions about their checking account “obligations” is actually good news, according to one economist, who says the move indicates the Bureau is letting FIs police their own checking offerings and is also turning away from a sharp focus on overdrafts.
WASHINGTON—The CFPB took another step in its crackdown on buy-rate financing, resolving an enforcement action with Toyota Motor Credit Corp. that will include the carmaker’s financing arm paying up to $21.9 million in restitution to minority borrowers.
NEW YORK–The “low-doc” loan, one of the infamous culprits contributing to the mortgage crisis, could be making a comeback if some Wall Street firms get their way. But in this case while income documentation may be once again be minimal, borrowers must still be able to show good credit.
AUSTIN, Texas–It isn’t rising rates but collapsing oil prices that are the best indicator of where future housing problems might emerge, according to a new forecast.
RICHARDSON, Texas – Texans Credit Union, which is being operated under conservatorship by NCUA, posted year-end 2015 net income of $26.63 million, marking 48 consecutive months of positive earnings, the agency said.
RANCHO CUCAMONGA, Calif.—CO-OP Financial Services has announced the featured speakers for its THINK 16 conference.
NAPERVILLE, Ill.–State-chartered credit unions here are enjoying their sixth year in a row of savings due to a regulatory fee credit, according to the Illinois CU League.
MIDDLEBURY, Vt.—Two credit unions have partnered with eDOC Innovations for its solutions: Pathways Financial CU in Columbus, Ohio, and RIPCO Credit Union in Rhinelander, Wis.