At a moment when overall home sales are slowing, the first-time homebuyers market is hot. First-timer demand in the third quarter hit its highest level since the same quarter of 2000, Genworth Mortgage Insurance reported Tuesday. First-timers bought 601,000...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Force NCUA to Repeal Risk-Based Capital Rule: MIT Credit Union CEO
The NCUA’s risk-based capital rule will force many credit unions to curtail much-needed services simply to comply with an ill-conceived regulation, Brian Ducharme, president /CEO of the MIT Federal Credit Union, told a House subcommittee Thursday. “With...
Authorities Investigating Police Credit Union in Kentucky
State and federal authorities are investigating suspected theft at the $28.7 million Louisville Metro Police Officers Credit Union, according to police and the Kentucky state regulator. “The Louisville Metro Police Officers Credit Union reported a suspected...
CUs Close, Employees Evacuate as Wildfires Scorch California Again
For the second time in less than two months, at least four wildfires have destroyed homes, buildings, cars, and more than 80,000 acres forcing tens of thousands to evacuate their neighborhoods and communities over the last three days across Los Angeles, Ventura, San...
Rise in Foreclosures Hits Heartland, Retirees
It’s liable to be a rough ride ahead as foreclosures rise in what’s been a sizzling heartland housing market. As the Huffington Post reports, Stateline points to a number of problems as possible causes for an uptick in foreclosure starts...
Credit Union Accuses Trump of ‘Hostile Takeover’ of CFPB
A New York credit union has filed suit in federal court accusing the Trump Administration of a “hostile takeover” of the CFPB following the resignation of agency Director Richard Cordray. The Lower East Side People’s Federal Credit Union filed suit...