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March

12
2024
Industry News

Sound Credit Union and Washington Business Bank Announce Acquisition Agreement

TACOMA, Wash. & OLYMPIA, Wash., March 11, 2024--(BUSINESS WIRE)--Sound Credit Union, a leading not-for-profit financial institution serving Washington State, and Washington Business Bank (OTCPK: WBZB), a premier commercial bank headquartered in Olympia, Washington, announced today they have entered into a definitive agreement in which Sound Credit Union will acquire Washington Business Bank.

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March

12
2024
Industry News

The CFPB is going after ‘junk fees’ mortgage lenders charge at closing. This could get ugly

The Consumer Financial Protection Bureau (CFPB) will be closely scrutinizing what it described as “junk fees” imposed on borrowers when closing a mortgage. Its new priority has provoked strong criticism from the mortgage industry.

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March

12
2024
Industry News

US Chamber Sues CFPB to Block Credit Card Late Fee Limits

The U.S. Chamber of Commerce filed a lawsuit against the Consumer Financial Protection Bureau, aiming to stop the agency from implementing its new rule to limit credit card late fees.

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March

12
2024
Trends

U.S. Foreclosure Activity Continues to See an Annual Increase

IRVINE, Calif. — March 12, 2024 ATTOM, a leading curator of land, property, and real estate data, today released its February 2024 U.S. Foreclosure Market Report, which shows there were a total of 32,938 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – down 1 percent from last month but up 8 percent from a year ago.

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March

12
2024
Industry News

Consumer Advisory: Opportunity to cancel student loan debt ends soon

Many student loan borrowers have an opportunity to have their entire student loans cancelled or receive more credit towards cancellation, but they must act before April 30, 2024.

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