TAMPA, Fla.– Trellance, a provider of analytics, cloud and talent solutions, has announced a new Fair Lending Solution it said is designed to help credit unions identify potential issues prior to audits and “prepare to answer auditors’ questions accordingly.”
Fresh Today
ST. PETERSBURG, Fla.–One veteran credit union advocate in Washington is cautioning that for the first time in a long time he is starting to hear more willingness to put the credit union tax exemption on the table for discussion.
NEW YORK–Inclusiv is reporting the Adrian Dominican Sisters have become investors in Cooperativa de Ahorro y Crédito Jesús Obrero (“Jesús Obrero”) a community development financial institution (CDFI) cooperativa advancing the economic well-being of communities in Guaynabo, Puerto Rico.
DUBUQUE, Iowa–Dupaco Credit Union said it has partnered with Fannie Mae on a new program called HomeReady Loan Down Payment Assistance.
PURCHASE, N.Y.—Mastercard has unveiled what is being described as a new approach to identify compromised payment cards, leveraging a combination of generative artificial intelligence and graph technology.
SAN FRANCISCO—Stripe has acquired Lemon Squeezy, a start-up that offers a payments platform for software companies.
LIBERTY LAKE, Wash.—The $5.8-billlon Spokane Teachers Credit Union here has agreed to buy $550-million Community Bank based in Joseph, Ore., the CU reported.
MADISON, Wis.–A decline in higher yielding credit card loan balances has lowered the credit card to total loan ratio to 5% today, close to the lowest in credit union modern history, according to TruStage’s newest Trends Report, which also found new-auto loan balances fell 0.1% in May, savings balances rose at a 4.0% seasonally-adjusted, annualized growth rate and the disparity between small and large credit unions’ return-on-asset ratios decreased significantly over the last year.
CHICAGO– As consumers continue to await interest rate relief in the form of the rate cuts many analysts are predicting for September, credit products continue to serve to bridge the financial gaps that may exist in many household budgets, according to the new Q2 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion.
SACRAMENTO, Calif.–A new bill is being introduced in the California Assembly that seeks to put limits on the NSF fees credit unions and banks can charge.