WASHINGTON— The Consumer Financial Protection Bureau (CFPB) and the Justice Department today have filed suit against Colony Ridge, a Texas-based developer and lender, for allegedly operating an illegal land sales scheme and targeting tens of thousands of Hispanic borrowers with “false statements and predatory loans.”
Fresh Today
LUBLIN, Poland–The Via Stella Foundation and Poland’s credit unions continue to provide support and much-needed ambulances to the people of Ukraine.
DUBLIN, Ireland–Homebuyers in Ireland have started to turn to the country’s credit unions in a big way.
WASHINGTON–The management team for the new trade group that is being created by the merger of CUNA and NAFCU on Jan. 1 has been named.
ALEXANDRIA, Va.–The NCUA board has a new member and a new Democratic majority.
VIENNA, Va.–Just days after a national report alleged bias in its mortgage lending, a lawsuit has been filed against Navy Federal in federal court claiming the credit union discriminated against Black and Latino mortgage applicants.
ALEXANDRIA, Va. –During Q3, credit unions in Idaho and Wyoming led the way in asset growth (assets declined the most in New Jersey and West Virginia), lending was strongest in Hawaii and Montana, and membership was up overall but down in 18 states, according to a new analysis from NCUA.
WASHINGTON—NAFCU, CUNA and other financial services trade groups have sent a joint letter to the U.S Senate in opposition to Sen. Jack Reed’s (D-RI) Predatory Lending Elimination Act.
WASHINGTON – The introduction of the Predatory Lending Elimination Act has drawn praise from a number of consumer groups.
WINSTON-SALEM, N.C.–Allegacy Federal Credit Union has named a new president and CEO, who will be part of a year-long transition period.