Refinances Surged to the End in 2016

Real estate loan originations continued strong growth in the last three months of 2016 as homeowners continued to refinance despite — or perhaps because of — rising mortgage rates, according to an ATTOM Data Solutions’ report released Thursday....

Online Fraud Spikes, Study Finds

America’s migration to EMV has crippled some types of card fraud, but the risk of online fraud is on the rise — especially during the holidays — according to new data from the Merchant Risk Council and fraud-technology company Forter. The indexed...

DOL Proposes 60-Day Fiduciary Rule Delay

The Department of Labor on Wednesday released a proposed rule to extend for 60 days the applicability date of its fiduciary rule under the Employee Retirement Income Security Act. The proposal, which includes a 15-day comment period, would extend the rule’s...

Billion Dollar California Credit Unions Merge

A rare merger of two billion dollar credit unions in California became effective today. The $1.6 billion California Credit Union in Glendale and the $1.2 billion North Island Financial Credit Union in San Diego announced Tuesday that their consolidation has received...