Mortgage lenders soon will be provided with more certainty about requirements for covering losses on loans sold to Fannie Mae and Freddie Mac, according to Federal Housing Finance Agency Director Mel Watt. Speaking at a Mortgage Bankers Association convention in Las Vegas Tuesday, Watt outlined upcoming revisions and clarifications to the agency's Representation and Warranty Framework.
Federal regulators Tuesday approved a final qualified residential mortgage (QRM) rule, which requires investment banks to hold at least 5% of a loan's risk on their books when securitizing loans unless the loans meet the definition of a QRM.
Staples Inc. is investigating a possible breach of payment card data, the company announced Monday.
It might be easy to state that millennials don't like big banks, Vince Passione, columnist for
magazine wrote in a recent article, given that polls show a handful of the largest U.S. banks consistently rank at the top of the generation's most-hated brands.
Credit unions need to "get their arms around" where all social media is coming from within the organization, according to a panel discussion held Tuesday at the CUNA Attorneys Conference.
Keeping operating systems and browsers up to date is key to protecting credit unions and members against a new security vulnerability discovered last week.
The October edition of
The NCUA Report
, the National Credit Union Administration's monthly newsletter, examines the 12 months since the agency passed its liquidity rule.
In recognition of a career that included stints with the Credit Union National Association, state leagues, a credit union service organization, and as the top executive of a credit union, the National Credit Union Foundation will recognize Bob Schumacher, retired president/CEO, MountainCrest CU, as the recipient of a 2015 Herb Wegner Memorial Award for Lifetime Achievement.