Browsing: Newsbytes

Newsbytes Senators call for agency review of Navy Federal Credit Union

Senate Banking Committee Chairman Sherrod Brown (D-Ohio) along with nine senators called on the Consumer Financial Protection Bureau and Department of Housing and Urban Development to review Navy Federal Credit Union’s mortgage lending practices following media reports that it denied mortgages to Black and Hispanic applicants at high rates.

Newsbytes House working group to study AI in financial services

House Financial Services Committee Chairman Rep. Patrick McHenry (R-N.C.) and Ranking Member Rep. Maxine Waters (D-Calif.) announced the formation of a bipartisan working group to explore how artificial intelligence is affecting the financial services and housing industries.

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