The $153-million Community One FCU has introduced a fee-free, 10-year mortgage it is urging members to consider, as it saves thousands of dollars over a traditional 30-year term. In addition to no fees, there are no closing costs, and the $350 appraisal fee is refunded when the loan is closed. Members are being told, "Even if you have refinanced your home in the past year, it may make financial sense to do so again and realize an even further reduced rate."
The high-cost lender wants a federal court to vacate a nine-figure judgment, claiming the Consumer Financial Protection Bureau acted in "bad faith" by abandoning a settlement agreement that would have sharply reduced the company's payment.
Analyses show that generally speaking, companies that deploy AI the most are also recruiting more humans.
Lisa Cook can keep her seat on the Federal Reserve Board thanks to the Supreme Court's procedural concerns. Deeper questions about the central bank might not come for years — if at all.
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., said the National Credit Union Administration's efforts to roll back 31 rules without a board quorum could jeopardize the credit union system's stability and legitimacy.
Groups representing community banks and credit unions argue that the Department of Agriculture used a faulty process when it removed 10 lenders from its OneRD loan guarantee program
The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.
