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The federal agency released data culled from fourth quarter 2016 call reports that showed the "great divide" between large and small credit unions continues to widen.
March 6
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Rising interest rates have slowed a recent run of unexpectedly high prepayments of government-insured mortgages, making servicing rights for loans held in Ginnie Mae securities more attractive to investors.
March 6
- Finance and investment-related court cases
The Justice Department plans to defend President Trump's executive authority by siding with PHH Corp. in the mortgage lender's controversial case alleging the Consumer Financial Protection Bureau is unconstitutional.
March 6
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On Dec. 31, 2016. Dollars in thousands.
March 6 -
Personal financial management tools have long relied on financial data aggregation. Now, aggregators are hoping traditional lenders will take a cue from alternative lenders and use the technology to quicken their underwriting decisions.
March 6
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Bankers oppose legislation that would let local governments finance energy efficiency projects with liens ahead of the mortgage.
March 6
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LendingArch is offering what amounts to installment payments for Canadian health care expenses, hoping to take a bite of the credit card market for consumer-direct health care payments.
March 6
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On Dec. 31, 2016. Dollars in thousands.
March 6 -
Comptroller of the Currency Thomas Curry defended plans to offer a nonbank charter to fintech firms, disputing, among other things, arguments that his agency lacks the legal authority to do so.
March 6
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By now most of the world knows of the disruption India's monetary system has undergone as its government discourages paper cash and pushes digital alternatives, stopping short of outright forcing the issue. But there's another challenge within the market.
March 6
