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April

24
2023
Industry News

After Colorado voters cracked down on payday loans, lenders found loopholes. A new bill would try to close them.

Sifting through receipts and debts, Matt McCune can look back through the financial debris of his bankruptcy clients’ lives. In the wreckage, he often finds a common accelerant.

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April

24
2023
Industry News

NAFCU touts CU difference on Capitol Hill

NAFCU’s award-winning advocacy team was on Capitol Hill Friday briefing legislative staff members on the credit union difference, including basics on structure, share insurance, regulatory oversight, industry priorities, and how credit unions are committed to serving their 135 million members.

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April

24
2023
Industry News

FSOC proposes financial stability framework, guidance for nonbank supervision

The Financial Stability Oversight Council (FSOC) – which includes leaders from financial agencies, including NCUA Chairman Todd Harper – met Friday and unanimously approved issuing for public comment a proposed analytical framework for financial stability risks, as well as proposed interpretive guidance on supervision and enhanced prudential standards for certain nonbank financial companies.

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April

24
2023
Trends

More Americans are falling behind on paying down debt

Thanks to a still-healthy job market, the finances of US households remain in good shape on the whole. But bank executives warn that more Americans are starting to fall behind on payments for debt from credit cards and auto loans.

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April

24
2023
Trends

Black Knight's First Look: Mortgage Delinquencies Hit Record Low in March, While Prepayments Rose on Easing Rates and Seasonal Tailwinds

JACKSONVILLE, Fla., April 21, 2023 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) reports the following "first look" at March 2023 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.

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