Analysis

The change appears to be due to loss of Medicaid coverage, and individual major medical coverage.

A new report states, "The largest breaches over the past three years have caused massive and irreparable damage..."

The lower loans rates are in line with the decline in 10-year Treasury rates.

The differences between the two groups are important, since some credit unions offer short-term loans that are not based on the PAL model.

The neo-banks provide basic digital or mobile-only financial services including checking and savings accounts and payments.

New mortgage borrowing fell to $344 billion, the least since the third quarter of 2014, even as borrowing costs dropped.