WASHINGTON— During 2023 the nation’s 4,587 commercial banks and savings institutions insured by the FDIC had aggregate full-year net income of $256.9 billion, down $6 billion (2.3%) from the prior year, according to the federal deposit insurer.
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WASHINGTON–Some credit unions may find their small business lenders being hit with collections letters as the Small Business Administration has begun referring as much as $20 billion in delinquent COVID disaster loans with balances of $100,000 or less to the Treasury Department for collection.
WASHINGTON–A petition has been filed with the CFPB asking it to close loopholes that allow some financial institutions to lower rates on deposits without telling depositors while also not violating the law.
WASHINGTON—Increased optimism around home selling conditions helped to push up the Fannie Mae Home Purchase Sentiment Index (HPSI) by 2.1 points in February to 72.8, inching higher for the third consecutive month, Fannie Mae said.
LAWRENCEVILLE, Ga.—Used vehicle values increased in February, signaling the spring buying season may have already begun, Black Book is reporting.
WASHINGTON–The Via Stella Foundation, the joint U.S./Polish charity to help Ukrainian credit unions and refugees in the wake of the attacks by Russia, raised nearly $150,000 during an event here.
VANCOUVER, B.C.– Central 1 Credit Union, a provider of financial services and liquidity primary liquidity to Canada’s credit unions and financial institutions, is reporting it has achieved a score of over 70% across all categories in an annual assessment, led by the Principles for Responsible Investment (PRI), a firm that is a proponent for responsible investment.
WASHINGTON—With many younger Americans priced out of new housing, and many older Americans not selling their homes, a new report reveals how older Americans are comprising a growing percentage of overall homeowners.
WASHINGTON—The Federal Trade Commission has passed a final rule extending telemarketing fraud protections to businesses and updating the rule’s recordkeeping requirements in light of developments in technology and the marketplace.
SCOTTSDALE, Ariz. - Cornerstone Advisors, which works with numerous credit unions in a management and technology consulting role, is reporting it has completed its acquisition of Maple Street, a provider of vendor management solutions and services for banks and credit unions.