FHFA Proposes Rule Requiring GSEs to Give Advance Notice of Any New Activities, Products 10/21/2020 07:59 pm WASHINGTON—The Federal Housing Finance Agency (FHFA) has issued a proposed rule that would require the government-sponsored enterprises – Fannie Mae and Freddie Mac – to provide advance notice of new activities and obtain approval from the agency before launching new products.
Court Shuts Down Atlanta-Based Debt Collector 10/21/2020 07:57 pm ATLANTA—A federal court has shut down an Atlanta-based debt collector in response to a Federal Trade Commission complaint alleging its agents threatened consumers with arrest and imprisonment and tried to collect debts that consumers did not actually owe.
Firefly, TruStone Raise Funds for Second Harvest Heartland 10/21/2020 08:04 pm BURNSVILLE, Minn.–Firefly Credit Union and TruStone Financial Federal Credit Union, which are in the process of seeking to merge, partnered with KDWB to raise money for Second Harvest Heartland for CU Forward Day.
TransUnion Makes Equity Investment in FinLocker, Which Offers Consumers Data Control During Mortgage Apps 10/22/2020 07:42 pm CHICAGO–TransUnion said it has made an equity investment in FinLocker, a fintech that seeks to help consumers take more control of their data and more quickly secure the right loans at the right time, primarily mortgages.
Data Show Michigan’s CUs Continue to Provide Relief, Assistance to Members 10/22/2020 07:43 pm LANSING, Mich.–Data compiled by the Michigan CU League for the second quarter of this year show the state’s credit unions continue to grow and act as “financial first responders” during the pandemic.
Here’s Some of What Hundreds of CUs Globally Did on International CU Day 10/22/2020 05:25 pm MADISON, Wis.–During the 72nd annual International Credit Union Day celebration last week more than 100 credit unions across six continents “bombarded” social media with stories throughout the day, according to the World Council.
FHFA Extends Policy on Purchasing Mortgages On Loans in Forbearance 10/22/2020 07:42 pm WASHINGTON—After recently extending some coronavirus pandemic-related loan flexibilities, the Federal Housing Finance Agency (FHFA) has now extended its temporary policy allowing the government-sponsored enterprises (GSEs) to purchase certain single-family mortgage loans in forbearance through Nov. 30.
