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State-chartered credit unions in Illinois are getting a much-needed shot in the financial arm in the form of credits applied…
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WASHINGTON — Federal Reserve Chairman Jerome Powell said that concerns of a housing bubble are overblown, but that the central…
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Petal, an online credit card provider, has started offering its cash-flow-based underwriting technology to banks and fintechs. It’s also providing…
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WASHINGTON — Senate Democrats’ plan to push for comprehensive cannabis reform could spell trouble for financial institutions seeking legislation to…
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WASHINGTON — The Biden administration is moving to reinstate two key fair housing rules that were rolled back under President…
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While the Biden administration is proposing a host of corporate and individual tax increases to fund its nationwide infrastructure plan,…
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Bankers are making plans to finance any projects that could come from infrastructure improvements. The Biden administration’s $2 trillion proposal…
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WASHINGTON — The Consumer Financial Protection Bureau proposed new steps Monday intended to avert a wave of foreclosures resulting from…
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How much do some Kasasa employees love working at the fintech? Enough to get the Austin, Texas, company’s logo permanently…
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Lenders who successfully lobbied for more time to make Paycheck Protection Program loans now want more money to be made…
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WASHINGTON — Treasury Secretary Janet Yellen on Wednesday presided over her first Financial Stability Oversight Council meeting as chair, setting…
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WASHINGTON— The Consumer Financial Protection Bureau is rescinding seven policy statements issued last year under the Trump administration that gave…
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Credit Union Trust, a limited purpose bank that was launched in 2018, has a new president and CEO. Jordan Summers,…
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WASHINGTON— The Biden administration will not move to cut Federal Housing Administration mortgage premiums in the near term, said the…
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WASHINGTON — The federal bank and credit union regulators are seeking information about how financial institutions use artificial intelligence to…
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Illinois Gov. J.B. Pritzker signed a bill Tuesday capping interest rates on consumer loans at 36% and another bill that…
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For more content like this, from the industry leader in global payments coverage, please visit PaymentsSource.com. The first sign of…
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A small credit union in Michigan was recently penalized in what’s thought to be the first example of U.S. regulators…
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WASHINGTON — Reforms to the government’s oversight of Fannie Mae and Freddie Mac announced in the final days of the…
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Leaders of the House Small Business Committee signaled during a Wednesday hearing that they are open to extending the Paycheck…
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The American Bankers Association has asked the National Credit Union Administration to extend the comment period on a proposal that…
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The Consumer Financial Protection Bureau’s mortgage underwriting rule remains a political football following the agency’s decision to delay a key…
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A global microchip shortage is bad news for carmakers but a potential boon for auto lenders, which have largely benefited…
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WASHINGTON — Democratic leaders in the Biden administration and Congress are raising the volume on proposals for the Federal Reserve…
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More than 11 million families — nearly 10% of U.S. households — are at risk of eviction or foreclosure because…
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WASHINGTON — After loans backed by Fannie Mae and Freddie Mac skyrocketed last year due to heightened refinancing activity, the…
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The Federal Housing Finance Agency is providing an additional three months of forbearance to borrowers with loans backed by Fannie…
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In late 2017, after Mick Mulvaney was tapped to lead the Consumer Financial Protection Bureau, the Democratic attorneys general in…
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The Federal Reserve began restoring some services Wednesday afternoon following widespread outages across several key payment systems operated by the…
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The Consumer Financial Protection Bureau plans to delay the compliance date of the Qualified Mortgage rule and may revoke or…
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The Consumer Financial Protection Bureau is assembling a new enforcement team and hiring more personnel as it prepares to toughen…
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