PayThink

Credit unions large and small have contemplated the member and bottom-line benefits of seeking a merger.

John Worth, chief economist with the National Credit Union Association, explains what the potential for going over the fiscal cliff means to credit unions.

Readers beware. On the heels of the Consumer Financial Protection Bureau/Department of Education report, "Private Student Loans," sensational headlines continue.

With the help of technology and the FHFA, the CFPB can create Dynamic Disclosures for consumers. Better information will put borrowers on an equal footing with lenders, making non-Qualified Mortgage loans safer to originate.

PHILADELPHIA – Freedom CU is offering members an opportunity to Skip-A-Payment on their personal, vehicle, or closed-end home equity loan during the holidays.

Banks are unsure if deposit contracts with broker-dealers that have longer-term rate and contract maturities will be treated as such under Basel III.

The "living will" process gives financial institutions the opportunity to, among other things, frame policy, improve operational efficiencies and educate the market, business units and regulators.

The Consumer Financial Protection Bureau and the Department of Justice have signed a memorandum of understanding to collaborate on enforcing fair lending laws. Because both agencies have authority to protect against discriminatory lending, this agreement will help to avoid duplicating efforts.

Fees charged on homebuyers are meant to cover risk and protect taxpayers from losses, not pay for unrelated government programs.

Opponents have failed to halt momentum on a bill to extend the Transaction Account Guarantee program, and the Senate is slated to vote on the legislation as early as next week.