CUJ share
- Banking
Illinois credit unions welcome lower deposit-insurance fees
State-chartered credit unions in Illinois are getting a much-needed shot in the financial arm in the form of credits applied…
Read More » - Banking
No bubble in housing market, Fed’s Powell says
WASHINGTON — Federal Reserve Chairman Jerome Powell said that concerns of a housing bubble are overblown, but that the central…
Read More » - Banking
Petal offers alt-data underwriting tech to banks. Do they want it?
Petal, an online credit card provider, has started offering its cash-flow-based underwriting technology to banks and fintechs. It’s also providing…
Read More » - Banking
Pot banking bill’s closer to finish line, but Democrats could sabotage it
WASHINGTON — Senate Democrats’ plan to push for comprehensive cannabis reform could spell trouble for financial institutions seeking legislation to…
Read More » - Banking
Biden administration to reinstate fair housing rules vacated by Trump
WASHINGTON — The Biden administration is moving to reinstate two key fair housing rules that were rolled back under President…
Read More » - Banking
U.S. tax revenue shrinks every time a credit union buys a bank
While the Biden administration is proposing a host of corporate and individual tax increases to fund its nationwide infrastructure plan,…
Read More » - Banking
Lenders prepare to capitalize on infrastructure spending
Bankers are making plans to finance any projects that could come from infrastructure improvements. The Biden administration’s $2 trillion proposal…
Read More » - Banking
CFPB tries to stave off COVID-19 foreclosure surge
WASHINGTON — The Consumer Financial Protection Bureau proposed new steps Monday intended to avert a wave of foreclosures resulting from…
Read More » - Banking
Tattoos, Pride parades, ‘Beer Thirty’: Welcome to Kasasa
How much do some Kasasa employees love working at the fintech? Enough to get the Austin, Texas, company’s logo permanently…
Read More » - Banking
Lenders want more funding for newly extended PPP
Lenders who successfully lobbied for more time to make Paycheck Protection Program loans now want more money to be made…
Read More » - Banking
Yellen’s priorities at FSOC: Climate risk, hedge funds, bond market
WASHINGTON — Treasury Secretary Janet Yellen on Wednesday presided over her first Financial Stability Oversight Council meeting as chair, setting…
Read More » - Banking
CFPB ends Trump-era regulatory relief tied to pandemic
WASHINGTON— The Consumer Financial Protection Bureau is rescinding seven policy statements issued last year under the Trump administration that gave…
Read More » - Banking
Former TCF executive hired to lead Credit Union Trust
Credit Union Trust, a limited purpose bank that was launched in 2018, has a new president and CEO. Jordan Summers,…
Read More » - Banking
FHA will not cut premiums amid rising delinquencies
WASHINGTON— The Biden administration will not move to cut Federal Housing Administration mortgage premiums in the near term, said the…
Read More » - Banking
Regulators seek industry feedback on risks and benefits of AI
WASHINGTON — The federal bank and credit union regulators are seeking information about how financial institutions use artificial intelligence to…
Read More » - Banking
Illinois caps consumer rates at 36%, adopts state-level CRA
Illinois Gov. J.B. Pritzker signed a bill Tuesday capping interest rates on consumer loans at 36% and another bill that…
Read More » - Banking
Even a small credit union couldn’t escape the demand for contactless payments
For more content like this, from the industry leader in global payments coverage, please visit PaymentsSource.com. The first sign of…
Read More » - Banking
First penalty for pot banking violations lands on credit union
A small credit union in Michigan was recently penalized in what’s thought to be the first example of U.S. regulators…
Read More » - Banking
Lenders urge Biden to remove GSE cap on ‘high-risk’ loans
WASHINGTON — Reforms to the government’s oversight of Fannie Mae and Freddie Mac announced in the final days of the…
Read More » - Banking
House members receptive to extending PPP deadline
Leaders of the House Small Business Committee signaled during a Wednesday hearing that they are open to extending the Paycheck…
Read More » - Banking
Bankers ask NCUA to extend comment period on CUSO proposal
The American Bankers Association has asked the National Credit Union Administration to extend the comment period on a proposal that…
Read More » - Banking
CFPB throws mortgage market another curveball
The Consumer Financial Protection Bureau’s mortgage underwriting rule remains a political football following the agency’s decision to delay a key…
Read More » - Banking
The surprisingly good times for auto lenders will end. But when?
A global microchip shortage is bad news for carmakers but a potential boon for auto lenders, which have largely benefited…
Read More » - Banking
Fed digital currency gains steam with Democrats in power
WASHINGTON — Democratic leaders in the Biden administration and Congress are raising the volume on proposals for the Federal Reserve…
Read More » - Banking
Looming risk for borrowers, renters when relief ends, CFPB says
More than 11 million families — nearly 10% of U.S. households — are at risk of eviction or foreclosure because…
Read More » - Banking
Fannie, Freddie double their funding for affordable housing projects
WASHINGTON — After loans backed by Fannie Mae and Freddie Mac skyrocketed last year due to heightened refinancing activity, the…
Read More » - Banking
FHFA announces further extension of COVID-related mortgage relief
The Federal Housing Finance Agency is providing an additional three months of forbearance to borrowers with loans backed by Fannie…
Read More » - Banking
States failed to fulfill consumer protection promise in Trump era
In late 2017, after Mick Mulvaney was tapped to lead the Consumer Financial Protection Bureau, the Democratic attorneys general in…
Read More » - Banking
Fed restores some services after outage on ‘operational error’
The Federal Reserve began restoring some services Wednesday afternoon following widespread outages across several key payment systems operated by the…
Read More » - Banking
CFPB will delay QM rule’s compliance date
The Consumer Financial Protection Bureau plans to delay the compliance date of the Qualified Mortgage rule and may revoke or…
Read More » - Banking
CFPB goes on hiring spree as it looks to ramp up enforcement
The Consumer Financial Protection Bureau is assembling a new enforcement team and hiring more personnel as it prepares to toughen…
Read More »
