Sens. Mark Warner (D-Va.) and Bob Corker (R-Tenn.) introduced legislation June 26 that would reform America’s housing finance system by replacing the government-sponsored enterprises Fannie Mae and Freddie Mac with a privately capitalized system.
Boston-area credit union, one of nation's oldest, secures final piece in FDIC approval and making the switch over the weekend.
Sallie Mae chief responds to criticism earlier this week from Sen. Elizabeth Warren (D-Mass.)
Senate gets measure Tuesday that would shut down Fannie Mae, Freddie Mac and FHFA within five years and create new corporation similar to FDIC.
Massachusetts senator questions interest markup Sallie Mae passes on to student borrowers.
CFPB creator now Massachusetts senator wonders aloud at hearing if time has come for separate systems for big and small FIs.
Since January 2008, there has been a credit union merger every 1.5 days and beginning in 2013, this rate has increased to one every 1.3 days.
Cards issued have APRs of 29.99%.
The final report of the FDIC’s investigation of a security breach at payments processor FIS found it worse than previously thought, according to a security blog.
Cybersecurity and Critical Infrastructure Working Group will enhance communication among member agencies, the NCUA said.