WAKEFIELD, Mass.—A webinar for credit card issuers on “The Hidden Power of Your Credit Policy” has been set for Feb. 25 from 11:00 to 11:30 a.m. ET.
Fresh Today
ARLINGTON, Va.— Calling it a “costly experiment for credit unions,” NAFCU has sent a letter to Congress raising formal objections to NCUA’s revised risk-based capital plan. In a letter sent to both the Senate Committee on Banking, Housing & Urban Affairs and to the House Financial Services Committee, NAFCU said “we have serious concerns about the costly nature of this solution in search of a problem. There have also been credible important arguments raised about the legality of the proposal under the Federal Credit Union Act.”
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.
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.