WASHINGTON—Concerns with unsustainable burdens in negotiating mortgage closing cost fees on community-based mortgage lenders – including credit unions – are at the center of America’s Credit Unions’ letter to the CFPB in response to the Bureau’s request for information regarding fees imposed in residential mortgage transactions.
Fresh Today
LONDON—With increasing calls for the Federal Reserve to reduce interest rates—including some calls that it make a move before its next scheduled meeting in September--the Bank of England cut its key interest rate for the first time in more than four years last week.
NEW YORK—Chase Bank is bumping up the bonus on its Ink Business Preferred Credit Card for a limited time.
CHARLOTTE, N.C.—Bank of America’s digital channels continue to drive growth and have been making inroads with credit card spending in particular, a new report states.
MILWAUKEE-- InterLutions, a Credit Union Service Organization delivering innovative and collaborative employee benefit solutions, has hired Sam Boore as Employee Benefits Executive.
NEW ORLEANS–With one CU offering an APY of 9% on a one-year CD, several other credit unions across the country are running certificate promotions that offer to match or beat offers in the market.
WASHINGTON—A new guaranteed student loan program that would allow private financial institutions – including credit unions – to issue loans is at the center of the newly introduced Affordable Future Loan Program Act.
WASHINGTON—In a letter to the CFPB, America’s Credit Unions is objecting to the use of an interpretive rule rather than a proposed rulemaking with a standard notice and comment period when it comes to a proposal related to buy now, pay later.
GONZALES, La.–New CEOs have been named at three credit unions.
NEW YORK—A pricing practice from some large card issuers has drawn the attention of U.S. regulators, according to a new report.