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CHICAGO–A new study from TransUnion suggests closing the gap in loans currently not being made to low- to moderate-income consumers could generate as much as $300 billion in refinance and purchase originations.

MARLBOROUGH, Mass.–As the world marks International Credit Union Week, the Cooperative Credit Union Association said its board has voted to adopt what has become known as the “8^th Cooperative Principle” in support of diversity, equity & inclusion (DEI).

CHIPPEWA FALLS, Wis.–Representatives from Royal Credit Union were joined by Wisconsin Department of Corrections (DOC) Secretary Kevin Carr and Department of Financial Institutions (DFI) Secretary Kathy Blumenfeld in observing financial literacy instruction the credit union is providing to men at Chippewa Valley Correctional Treatment Facility (CVCTF).

WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has filed a complaint and proposed consent order alleging that American Advisors Group (AAG) used “inflated and deceptive home estimates” to lure consumers into taking out reverse mortgages.

WASHINGTON—NAFCU President and CEO Dan Berger has sent a letter to new CFPB Director Rohit Chopra over the Bureau's proposed rule to implement changes made by section 1071 of the Dodd-Frank Act. Specifically the letter addresses its likely effects as related to a proposal in the Build Back Better Act to authorize the Small Business Administration (SBA) to establish a direct 7(a) lending program.

DUBLIN, Ireland–More than one third of Bank of Ireland’s branches closed for the last time last week and the bank has reached an agreement with the country’s post office to help provide certain services. In many communities ATMs are also being removed.