NEW YORK—Standard & Poor’s, the ratings agency that has frequently been charged with inflating its assessment of mortgage investments that in turn spurred the 2008 crisis, has agreed to pay $1.37 billion to settle civil charges from the Justice Department and from 19 state attorneys general and the District of Columbia.
Fresh Today
WASHINGTON—A new study indicates that U.S. households are walking a “financial tightrope,” and that many families have little if any cushion to absorb an unexpected financial emergency.
WASHINGTON—The Mortgage Choice Act is back as a bill in the new Congress.
CUPERTINO, Calif.—Apple has approved 15 more financial institutions for its Apple Pay mobile payments solution, two-thirds of which are credit unions.
GRAND BLANC, Mich.—During a special meeting here, members of the $208-million Tri-Pointe Community Credit Union have voted to approve a previously announced merger with Genisys Credit Union in Auburn Hills, Mich.
BILOXI, Miss.—Keesler FCU here has paid a $3.4-million bonus dividend and interest loan rebate to its members.
IRVINE, Calif.—Home prices, including distressed sales, increased 5% in the U.S. during December, 2014, over the same period one year earlier, according to CoreLogic’s Home Price Index.
WASHINGTON — The Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Education said an agreement has been reached to provide more than $480 million in forgiveness for borrowers who took out Corinthian College’s high-cost private student loans.
FREDERICK, Md.—Nymeo Credit Union has reached a deal with minor league baseball’s Frederick Keys for naming rights to the team’s field.
MADISON, Wis. – CUNA Mutual Group said its 2015 Loan Generation Marketing Seminars will continue on Feb. 10 at 1 p.m. CST, with a session focused on growing unsecured loans through credit card and personal loans.