The American Bankers Association today urged the National Credit Union Administration to withdraw a proposed rule that would expand the range of permissible lending activity for credit union service organizations, or CUSOs.
To help more borrowers take advantage of historically low mortgage interest rates, the Federal Housing Finance Agency today announced a new refinance option for low-income borrowers who have single-family mortgages backed by Fannie Mae or Freddie Mac.
The Consumer Financial Protection Bureau today issued a final rule extending the mandatory effective date for the General Qualified Mortgage rule from July 1, to Oct. 1, 2022.
Despite the challenges of the COVID-19 pandemic, retail bank satisfaction improved four points year-over-year to 817 (on a 1,000 point scale), according to J.D. Power’s annual retail banking satisfaction study released today.
Sens. Mark Warner (D-Va.) and Tim Scott (R-S.C.) today urged the Consumer Financial Protection Bureau to reconsider its decision to postpone the effective date for the General Qualified Mortgage final rule from July 1, to Oct. 1, 2022, and extend the temporary “GSE patch.”
New orders for manufactured durable goods in March increased 0.5% or $1.4 billion to $256.3…
American Bankers Association President and CEO Rob Nichols today said that the rapid convergence of banking and technology is important and benefits consumers, but emphasized that “there should be some degree of levelness as it pertains to supervision and consumer protection,” for new market entrants offering bank-like services.
Weekly job posting data from Burning Glass Technologies show that businesses are looking to rehire, with postings for low-skilled jobs up 46% and postings for high-skilled jobs up 8% since the start of the pandemic.
The OCC today granted conditional approval for a national trust bank charter to New York-based Paxos National Trust.