Today, credit unions hold about 5 percent of all outstanding mortgage debt in the U.S., including a large and growing percentage of second mortgages. While this market share is small when compared to that of banks and non-bank lenders, credit unions play an important role in fostering home ownership in communities nationwide, especially in rural or underserved areas and communities often overlooked by traditional financial institutions.
OAKLAND – California Attorney General Rob Bonta today released the following statement in response to the U.S. Supreme Court hearing oral argument in Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of America (CFSA):
Texas recently amended its breach notification statute to shorten the time businesses have to notify the state Attorney General after a data breach affecting 250 or more Texas residents. As of September 1, businesses must notify the Attorney General within 30 days from when they determine that a breach has occurred. Previously, businesses had up to 60 days.
Technology has been reshaping the financial landscape, emphasizing the significance of the digital experience in serving members, attracting new ones, and competing effectively.
Household spending is up despite several factors that should be keeping it down. Americans spent 5.8% more in August compared to the year before amid a boom in “experience” spending, The Wall Street Journal (WSJ) reported Monday (Oct. 2). Delta Air Lines reported record revenue, while Ticketmaster’s sales were up almost 18%.
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