News stories tagged August

From Callahan: Subordinated Debt Levels Surge After Regulatory Changes

Aug. 22, 2022 — Updated rules from the National Credit Union Administration have resulted in a massive jump in the number of credit unions issuing subordinated debt and the overall...

MEMBER BENEFIT: NCUA Summary and FinCEN Summary + Comment Letter

Agency: National Credit Union Administration Joint Policy Statement Summary: Prudent Commercial Real Estate Loan Accommodations and Workouts The NCUA, FDIC, and OCC have published a joint policy statement on Prudent Commercial Real...

CFPB Gets Earful on Limiting Credit Card Late Fees

The Consumer Financial Protection Bureau is taking heat from banks and credit unions over its proposal to limit increases in credit card late fees that would otherwise increase because of...

Equifax May Face Class-Action Suit After Credit-Score Glitch

Plaintiff claims inaccurate score cost her more on auto loan; Company says majority of credit seekers saw no shift in scores August 4, 2022 — Equifax Inc., the second-biggest global...

GRAPH OF THE WEEK: Mortgage Slowdown Cuts Origination Fees in Half

Income from mortgage originations and servicing were down from one year ago following slowdowns in sales and refinancing. Mortgage servicing fees declined 3.5% year-over-year among participants in Callahan & Associates’...

Wolf in Sheep’s Clothing: How Malware Tricks Users and Antivirus

August 2, 2022 — One of the primary methods used by malware distributors to infect devices is by deceiving people into downloading and running malicious files, and to achieve this...