Navy FCU Acquires Fort Meade Community CU

Navy Federal Credit Union has acquired a small credit union with two branches in Fort Meade, Md. Fort Meade Community Credit Union, which has been operated by Navy since Monday, is not federally insured and NCUA’s website does not have call reports for the...

Poll: Voters Support CFPB, Strict Financial Regulation

As Republicans push to overhaul Dodd-Frank, a new poll shows that voters favor strict regulation of financial institutions and the goals of the controversial CFPB. The poll was sponsored by Americans for Financial Reform and the Center for Responsible...

Mortgage Experts Predict Improvement as Shortage Persists

The Mortgage Bankers Association on Monday predicted a sharp increase in new home sales in June as homes on the market remain scarce. “The shortage of existing housing supply should keep pressure on prices and new homebuilding throughout the balance of this year...

House Panel Explores Fiduciary Rule Fallout

Some financial service firms are “freely acknowledging” they stand to make more money servicing fewer clients as a result of the Labor Department’s fiduciary rule, which is expected to result in more retirement investors being moved to fee-based...