The National Credit Union Administration said it has taken control of Peoples First Choice Federal Credit Union in Glen Rock, N.J.
The $24.1 million-asset credit union voluntarily consented to conservatorship, which allows normal operations to continue with expert management assistance to correct service and operational weaknesses, the NCUA said Friday. The agency gave no details about weaknesses at the 5,300-member credit union.
The Office of the Comptroller of the Currency issued a final rule saying that federal law trumps state mandates on interest in escrow accounts for national banks, wading into an ongoing court battle.
The Mortgage Bankers Association now predicts a Federal Reserve rate hike to arrive in 2027, as housing price growth also slows over the next two years.
The 33 companies that made it to this year's Best Fintechs to Work For list are actively preserving remote work options and non-salary benefit packages.
The company says its mission-driven culture, family-supporting benefits and emphasis on flexibility are key factors.
An analysis of American Banker's 2026 Best Fintechs to Work For finds that workers appreciate flexibility, as well as "meaningful" work.
Sens. Ed Markey and Ron Wyden argue that the Small Business Administration neglected to warn small firms of the risks of merchant cash advances and closed off a key "escape route" from the resulting debts.
