Coronavirus Impact
Coronavirus Impact
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Lenders are struggling to deploy deposits into interest-earning assets, and changes to post-secondary education may further limit these options.

September 1
5 Min Read

Refinancing has been one of the bright spots in a difficult year for lending, and the industry has concerns that a fee to be imposed by Fannie Mae and Freddie Mac could slow down the business.

August 28
5 Min Read

New analysis from S&P found that only two of the of the top 20 credit unions that participated in the Paycheck Protection Program loans had assets of less than $1 billion.

August 27
1 Min Read

Institutions serving colleges and universities traditionally see membership surge in the fall, but are now planning for a decline as classes move online.

August 27
5 Min Read
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New data from the state regulator showed that assets at credit unions in the Badger State grew by 28% during the first half of this year, versus growth of 14% in the first six months of 2019.

August 26
1 Min Read
The Federal Housing Finance Agency is delaying a Fannie Mae and Freddie Mac-imposed fee on refinanced mortgages set to start next week until Dec. 1 after intense backlash from the mortgage industry.

The mortgage giants were criticized earlier this month for a plan to charge an "adverse market fee" to protect against losses resulting from the pandemic.

August 25
1 Min Read
The Credit Card Accountability Responsibility and Disclosure Act, known as the CARD Act, reduced retroactive interest rate hikes on existing card debt as well as exorbitant fees for late payments and shortened billing cycles.

The agency solicited input on the effects of the CARD Act regulations as part of a statutory requirement that the bureau review policies 10 years after they are implemented.

August 25
1 Min Read

Shifts in consumer behaviors have boosted interest in several loan categories, which could be a boon for credit unions.

August 21
3 Min Read
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