"financial services" Blog Posts

• Fannie Mae Cuts 2022 Origination Forecast
• GreenState CU Still Eyeing Nebraska Expansion after Bank Deal Collapse
• Mortgage Bankers Record Largest Average Loss Since 2008
• Yellen Reiterates Need for Consistent Regs on Stablecoins
• 41 Credit Union Mergers Approved by NCUA First Quarter 2022
• 72% of Economists Expect US recession by Mid-2023
• After Initially Slow Adoption, More and More People Taking a Bite out of Apple Pay
• Anticipation Rates Will Rise Soon Drives Big Jump in January Home Sales
• As Mortgage Rates Continue to Rise, Refinancings Plunge
• As the Secondary Market Rethinks Risks, So Too Must Lenders
• Bank Economists Advise Caution But Don't Expect a Recession
• Bank Groups Ask Justice Department to Limit Merger Guidance; Say CU Competition Should Be Factored In
• Banks Change Overdraft Policies Amid Competition, Regulatory Pressure
• Banks' Pandemic Help Offer Rang Hollow, Cardholders Say
• Biden Official Says US Government Could Pass Stablecoin Rules by End of Year
• Big Banks Fight Rising Capital Requirements by Managing Down Risk Exposures
• Big US Banks to Contend with Recession Fears in 1Q2022 Earnings Reports
• CFPB Cracks Down on Subscription Fees
• CFPB Ends No-Action Letter with Fintech Lender Upstart Network
• CFPB Examines Potential Impact of Rising Car Prices on Consumer Credit
• CFPB Launches Effort to Spur New Opportunities for Homeowners in the Mortgage Market
• CFPB Mischaracterizes Many Financial Services Fees in RFI
• CFPB Providing Guidance to Other Agencies on Enforcing Federal Consumer Financial Law
• CFPB Releases Report Documenting Rural Banking Issues
• CFPB Report Finds High Fees Charged on Student Banking Products Endorsed by Colleges
• CFPB Should Bolster Oversight of Nonbank Financial Services
• CFPB Unlikely to Take Immediate Action on Buy-Now, Pay-Later Sector
• Chopra's Expansive Vision for CFPB Authority is Facing Industry Pushback
• Consumer Lenders Set to Benefit from Student Loan Forgiveness
• Consumer Sentiment Over Future Hits Lowest Point Since Pandemic Began, New Survey Finds
• Consumers Believe Credit Unions Lag Digitally; But Do They?
• Credit Card Delinquencies, Charge-Offs Stay Muted as Consumers Pay Down Balances
• Credit Union 1 to Acquire Illinois-Based Peer Northside Community Bank
• Credit Union Economists: More Big Rate Hikes Likely This Year
• Credit Union Loans Increased 1.9% in August
• Credit Union Loans Increased 2.3% in May
• Credit Union Loans Increased 2.4% in June
• Credit Union System Digitization Group Releases 2021 End-of-Year Report
• Credit Unions Announce Two Illinois Bank Deals in Three Days
• Credit Unions Continue to Buy Banks Despite Bank Lobby, Regulator Pushback
• Credit Unions Continue to Set High-Water Marks with Bank Acquisitions
• Credit Unions Dip Toes in RTPs, Crypto
• Credit Unions Face Historic Pressure to Make Loans
• Credit Unions Gain Larger Share of Auto Loans as Banks Lose Momentum
• Credit Unions Getting More Strategic to Seek Out Bank Targets
• Credit Unions Grow Branch Count While Banks Slash Locations
• Credit Unions Now Hold Record 12% of Total Household Savings; CU Merger Pace in 2022 Approaching Another Record
• Credit Unions Set Loan Growth Record, Deposits Decline in Q2
• Credit Unions Wary Despite Record-Low Delinquencies
• Crypto Firms Celsius, Binance Halt Withdrawals as Bitcoin Plummets
• Crypto-Regulation Bill Unlikely to Get Senate Vote This Year, Lummis Says
• CU Leaders ‘Modestly’ More Optimistic on Future, New NAFCU Survey Finds
• CU Lending Continues to Soar, Notes CUNA Economist
• CU Lending Trends: First Mortgage, Used Car Lending Gains
• CU Loans Outstanding Again Up Robustly During September, New CUNA Data Show
• CU Trades, Consumer Groups Ask Congress to Regulate Fintech Competition
• CUNA Mutual Group’s ‘What Matters Now™ Research Explores Multicultural, Multigenerational Consumer Insights
• CUNA Releases August Economic Update
• CUNA Releases May Economic Update
• CUNA Research: Housing, Energy, Food Prices Led May Price Increases
• CUNA, AACUL, Leagues Oppose Any Expansion of Durbin Amendment
• Declining Mortgage Affordability Quantified in New Index
• Delinquencies on Auto Loans Originated in ’21, ’22 Are Starting to Rise Relative to Earlier Loans, New Analysis Finds
• Demand for Personal Loans Pressures CUs, Banks, Fintechs
• Deposit Runoff Among Large US Banks Persists in Q3
• Despite Stellar Credit Quality, Small Lenders Expect Economic Headwinds
• Dimon Says US Recession Likely by Mid-2023
• Economic Update Examines Fed's Updated Monetary Policy, Inflation
• Efforts to Halt Credit Union-Bank Deals Squashed in Tennessee
• Fannie Mae Forecasts ‘Soft Landing Unlikely,’ Sees Recession in Latter 2023
• Fannie Mae Introduces New Refinance Application-Level Index
• FDIC Threatens to Punish Banks that Impose Repeat NSF Fees
• Fed Finalizes 'Master Accounts' Guidance
• Fed Proposes Permanent Extension of Real Estate Debt Leniency
• Fed Raises Rates by 75 Basis Points; More Hikes Coming, Says CU Economist
• Fed Raises Rates by Half a Percentage Point in Last 2022 Hike
• Fed Releases Latest Consumer Credit Outstanding Data, Industrial Production and Capacity Utilization Summary
• Fed Starts Experiment of Letting $8.9 Trillion Portfolio Shrink
• Fed Takes Aggressive Action in Inflation Fight
• Fed Watching Red-Hot Housing Market for Financial Stability Risks
• Fed’s Newly Released Minutes Indicate Another Rate Increase Coming in July
• Fintech Opens Up a Market for FIs: Lending Against Life Insurance
• Fintech Partner Banks Bucking Industry Deposit Trends
• First Mortgage Portfolio Niche Lending: Current Trends and Opportunities
• Five Charts Explaining Why Inflation is So High
• For Community Lenders, Net Interest Margin Pressure Looms Large
• GAO: Congress Should Consider Enhancing Protections Around Scores Used to Rank Consumers
• Growth of Total Consumer Credit Cooled in May
• Here’s the Inflation Forecast, Mortgage Rates Prediction from CUNA Mutual’s Chief Economist
• Higher Interest, Rising Prices, Fewer Listings: A Bad Mix for Mortgages
• Higher Prices, Rates Putting Brakes on Car Sales
• HMDA: Credit Unions Lend to Lower-Income Americans
• Home Equity, Personal and Auto Loans Led Growth in January
• Home Inventory Won’t Return Until at Least 2024: Zillow
• Home Prices Surge to Another High
• Home Sales Data Shows the Housing Market is Normalizing
• Home Sales Decline for Seventh Straight Month
• Home Sales Dropped 20% in August From a Year Ago
• Homebuilders Say U.S. is in ‘Housing Recession’ as Sentiment Turns Negative
• House Passes CUNA-Backed Fair Hiring Bill
• How Credit Unions Can Use Data to Reach the Underserved
• ICBA Urges FDIC to Reject Ford Credit Bank's Deposit Insurance Application
• Inflation Falls in July, But Housing Prices Keep Rising
• Interest Rate Increases to Cost Consumers $3B in Extra Card Interest; Plus, What Worries Cardholders
• Just How Much is Inflation Costing Depositors? Here’s What 1 Analysis Shows
• Justice Dept. Making Big Investment in Crypto Oversight; DeFi to Get More Scrutiny
• Kabbage Files for Bankruptcy Protection
• Large US Bank Revenue Keeps Climbing as Investors Brace for Recession
• Lending Likely to Slow in ’23, Recession Possible in '24 or '25, Suggests New CUNA Mutual Forecast
• Loan Growth Ramping Up at US Credit Unions
• Loan Growth Shows Dramatic Rise
• Loan, Deposit Growth Slows YOY for US Community Banks in Q1
• Loans Should Grow 9% in 2022, Notes Latest Trends Report
• Margin Expansion Driving Increases in US Bank Profitability
• May 18 Virtual Event: Lending Landscape
• Measures Risk Understating Housing Costs
• Mergers Help Drive Another Gain in Large Regionals' Deposit Share
• Minnesota Regulator Rejects Credit Union-Bank Deal; Seventh State to Stifle Such Deals
• Mortgage Boom Is Over, MBA Drops Originations Forecasts Again
• Mortgage Loan Modifications Rose 40% in 4Q: OCC
• Mortgage Rates Actually Decline, But Application Volumes Remain Down
• Mortgage Rates Hit 5% for the First Time in Over a Decade
• Mortgages Slip, New Car Sales Slide in August
• NCUA Releases Q2 2022 State-Level Credit Union Data Report
• New Report Finds Half of All Credit Union Industry Assets at Risk from Climate Change
• New Rules for Regional Banks Eyed
• OCC's Hsu Says Bank-Fintech Relationships May Be Systemic Risk
• OCC's Hsu Zeroes in On Large Regional Banks as Source of Systemic Risk
• Percentage of Unbanked Households Hits New Low in Survey
• Political Divide Snags the Digital Update to CRA
• Rates Rose, But So Did Mortgage Apps for First Time in 6 Weeks
• Recession Fears Hit Risky Mortgage Debt Amid Default Concerns
• Recession Will Begin Earlier Than Expected, Says Fannie Mae Forecast
• Regulators propose Large-Bank Resolution Reforms, Approve U.S. Bank Acquisition
• Regulators Take Tough Look at Small Banks' Partnerships with Fintechs
• Schenk: Expect Healthy Economic Growth
• Sens. Gillibrand, Lummis Introduce Major Cryptocurrency Bill
• Some See Banks Parlay Fintech Investments into Community Reinvestment Act Credit
• Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on Proposals to Prevent Bailout Risk and Guard Against Increased Concentration in Banking
• States Work to Stifle Credit Union Acquisitions of Banks
• The Rapid Demise of NSF Fees for Nation's Largest Banks
• Three Marketing Messages to Help Your Members Fight Inflation
• Toomey Questions FDIC Over 'Choke Point'-esque Crackdown of Banks and Crypto
• Total Consumer Credit Rises, as CUs Grab Larger Share
• TransUnion Reports Inflation’s Rise Hitting Non-Prime Borrowers Hardest; Offers Forecast for What’s Ahead
• Two-Thirds of Economists at Big Banks Expect Recession in 2023
• U.S. Begins ‘Extraordinary’ Steps to Avoid Debt Ceiling
• U.S. Pending Home Sales Drop for a Sixth Month in Worst Skid Since 2018
• Understanding the Retail Bank that Apple Quietly Built
• US Bank Branch Closings Outpace Openings in July
• US Bank Branch Closures Slow from Pandemic-Era Record Highs
• US Bank Margins Jump in Q2 at Quickest Pace in a Decade
• US Banks See 188 Net Branch Closings in February
• US Banks' Q1 Auto Loans Show Steady Sequential Growth
• US Banks'Loan-to-Deposit Ratio Jumps as Loan Growth Soars, Deposit Growth Slows
• US Credit Unions Add 5.2 Million Members in 2021
• US Credit Unions' 2021 Mortgage Origination Growth Lags Other Lenders
• US FIs Fear Slowdown in Mortgage Activity as Rates Skyrocket
• US Housing Market: 2022 Opens With 19.2% House Price Surge
• US Small Banks Post Stronger Loan Growth, Wider Net Interest Margins in Q2
• USAA Scores Mobile Deposit Capture Patent Win Against PNC
• Value of Digital Wallets to Exceed $12 Trillion by 2026, New Study Forecasts
• Vehicle Sales Rise in April, But Still Down More Than 20% YoY
• Virginia League Introduces Bankable Fintech Partnership, Connects CUs to Fintech Solutions in Minutes
• Waters Announces Financial Services Committee Schedule for September
• What the FHFA Credit Score Change Could Mean for the Industry
• What the White House's Blueprint for an AI Bill of Rights Means for FIs
• Where Credit Unions Beat Banks in 'Customer' Experience
• Will Regulatory Scrutiny Chill Bank M&A This Year — or Hasten It?
• ‘Borrowers Are Feeling the Squeeze’ as Interest Rates Climb While Inflation Remains High, Financial Analyst Says