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Road Hazard: Subprime Loan Delinquencies on the Rise
Auto lending has enjoyed a serious boost in volume, and one segment — subprime loans — has followed suit, but a recent study suggests a spike in delinquencies and charge-offs is in the offing.   more »
The Consumer Financial Protection Bureau is set Thursday to propose new disclosures for federal student loans that would require servicers to provide several repayment options for borrowers. more »
ONTARIO, Calif. -- CU Direct has become the latest organization to take an ownership stake Members Development Co., the firm announced in a Tuesday news release. more »
Senate Banking Committee Chairman Richard Shelby, R-Ala., is seeking input from the Government Accountability Office and the Congressional Budget Office on the future of policies dealing with Fannie Mae and Freddie Mac. more »
Even while FHFA finally embarked on a principal reduction plan, critics argued it was a dangerous idea that made Fannie Mae and Freddie Mac less safe while helping relatively few people. more »
The Credit Union National Association has released a new Financial Flash entitled “Concentration Risk: Guidance on Policy and Metrics.” more »
While many CUs avoid the product that some consumer advocates deem predatory, the CUs that do offer them say it's a service members want and need and can be done in consumer-friendly way. more »
GrooveCar Inc. has partnered with 40 more credit unions that can use its online auto-buying service. more »
The Coalition for Safe Loan Alternatives intends to become a peer-to-peer forum for best practices among the alternatives to payday loans. The group will not advocate for policy changes. Rather it aims to offer a platform for local organizations to share information and compare ways to offer low-cost access to credit. more »
Credit unions have a dominant auto lending presence in the West, boasting as much as a 50% marketshare in some areas. Credit Union Journal explores what is driving that dominance. more »
Five policy heavy-hitters issued a proposal this week to merge Fannie Mae and Freddie Mac into a single government corporation as a way to move beyond the conservatorships of the two government-sponsored enterprises. more »
The Consumer Financial Protection Bureau has implemented a new rule that broadens the ability of lenders in rural and underserved areas to originate qualified mortgages. more »
The Consumer Financial Protection Bureau faces a tough balancing act as it seeks to issues a proposal to rein in high-cost payday loans. A chief concern is what will replace payday lenders if federal regulations force many of them to shut down. more »
Great Rates for Everyone
Pentagon FCU has launched the first ad in a series of ads that will be released over the next two weeks and broadcast in several key markets across the country.