UPDATE: FI Groups Join To Delay Military Lending Act

Credit union and banking groups appealed on Wednesday to a federal interagency regulatory panel for a six-month delay in enforcing new rules designed to protect service members from predatory lenders. Last week officials with CUNA and the American Bankers Association...

HELOCs Keep the Home Lending Fires Burning

Overall home lending in the second quarter fell from a year ago as the tide continued to ebb on refinancing, according a report released Thursday by ATTOM Data Solutions. The Irvine, Calif., company’s latest quarterly report showed 1.9 million loans were...

Remembering 9/11

After the first plane hit the North Twin Tower in New York City on Sept. 11, 2001,  Kam Wong, then the CFO of the $2.5 billion Municipal Credit Union, decided that all employees must evacuate the headquarters building just a few yards from the Ground Zero site....

Community Bankers Tell Congress They Need Reg Relief Too

The nation’s community banks are joining credit unions in appealing to Congress to provide regulatory relief for small financial institutions. The letter follows on the heels of a letter CFPB Director Richard Cordray sent to senators who had requested that the...