WASHINGTON–Mortgage rates have hit their highest level in four years.
THE news
LONDON—Santander Bank UK, one of the largest banks in the world, has launched an international money transfer app called OnePay FX, which uses Ripple’s distributed ledger technology.
WASHINGTON—The CFPB has hit Wells Fargo with a $1-billion fine — a record for the agency — in punishment for the banks’ actions in its mortgage and auto loan businesses.
ANAHEIM, Calif.–NACUSO has named the winner of its Next Big Idea competition here.
WASHINGTON–While credit unions cite regulatory relief in their push to get S 2155 passed by Congress, many banks have another reason for supporting the legislation–actually, more than 50 billion reasons.
PHOENIX–A financial literacy bill here has been sent to the governor for his signature.
WASHINGTON–The CUNA Small Credit Union Committee has sent a letter to the NCUA board that includes praise for steps taken by the agency to improve efficiencies, but which also reminded that “significant changes to examination and supervision processes are often more burdensome and costly for small credit unions to implement.”
ALTUS, Okla.–With a teachers strike in Oklahoma entering its second week, Red River Federal Credit has been taking steps to help give employees’ kids something to do.
WASHINGTON–The two to three expected additional moves by the Fed to increase rates in 2018 may not be such a slam dunk after all, according to several economists.
CHARLOTTE, N.C.–Cash-out refinancing is being increasingly used by borrowers and homeowners looking to renovate their homes, consolidate debt, make a purchase, or even as a down payment for a second home, according to a study by Lending Tree that also reveals which cities have the highest levels of cash-out refi’s.