Two credit unions have been selected as participants for the Consumer Financial Protection Bureau's mortgage eClosing pilot program, designed to explore how the increased use of technology during the mortgage closing process could affect consumer understanding and engagement.
CUNA reiterated its "strongest opposition" to a Financial Accounting Standards Board proposal involving credit losses in a letter sent to the board today.
Several firms that track U.S. mortgage interest rates all reported this week that rates are sliding, with many relaying that mortgage rates have hit their low points for 2014.
Get daily financial rates for the last five business days, including Treasury Yield Curve, Treasury Bills, Prime Rate, Federal Funds, Freddie Mac and Fannie Mae 30-day commitments, LIBOR, and 90-day Commercial Paper.
WASHINGTON (8 22 14) Big banks are being verbally warned by U.S. regulators to shore up their abilities to assess risk and identify weaknesses they might have in their operations, according to
Daily rates from Informa Research Services for deposit, consumer loan, mortgage, credit card, and indirect auto loan products.
The credit union movement continues to celebrate reaching its 100 million memberships milestone, and Wyoming's high concentration of credit union members caught the eye of
Wyoming Business Report
A financial literacy program by Seattle Metropolitan CU has gained traction and attention for the benefits it is providing to an urban youth educational group.
Tampa, Fla.,-based Floridacentral CU has received the thumbs up from the Florida Office of Financial Regulation to purchase a branch of the First Federal Bank of Florida, an office spokesperson confirmed to
FORT BRAGG, N.C. (8 22 14) Fort Bragg FCU, Fayetteville, N.C., with $390 million in assets, and the USO of North Carolina have teamed up for
The Ice Bucket Challenge that's sweeping the nation to raise awareness for Amyotrophic lateral sclerosis continued to make its way through the credit union movement Thursday, as CUNA interim President/CEO Bill Hampel had not one, but two buckets of ice water dumped on his head in Washington, D.C.
There are two sides to every balance sheet, and credit unions that want to remain financially sound now and into the future must start focusing on the revenue side, rather than only cutting back expenditures, according to a recent white paper from Filene Research Institute.
Add shipping giant United Parcel Service to the list of merchants that have suffered a data breach that compromised its customers' credit and debit card information.
Any retiree wants the best return on retirement accounts. But trying to achieve strong returns by using managed investment accounts could backfire, according to a new Government Accountability Office report.
Symbionce Financial Solutions, a credit union service organization based in New Jersey, was named to
magazine's list of America's fastest-growing private companies.