Lending

Senate Banking Committee Chairman Richard Shelby, R-Ala., is seeking input from the Government Accountability Office and the Congressional Budget Office on the future of policies dealing with Fannie Mae and Freddie Mac.

Even while FHFA finally embarked on a principal reduction plan, critics argued it was a dangerous idea that made Fannie Mae and Freddie Mac less safe while helping relatively few people.

The Credit Union National Association has released a new Financial Flash entitled “Concentration Risk: Guidance on Policy and Metrics.”

While many CUs avoid the product that some consumer advocates deem predatory, the CUs that do offer them say it's a service members want and need and can be done in consumer-friendly way.

GrooveCar Inc. has partnered with 40 more credit unions that can use its online auto-buying service.

The Coalition for Safe Loan Alternatives intends to become a peer-to-peer forum for best practices among the alternatives to payday loans. The group will not advocate for policy changes. Rather it aims to offer a platform for local organizations to share information and compare ways to offer low-cost access to credit.

Credit unions have a dominant auto lending presence in the West, boasting as much as a 50% marketshare in some areas. Credit Union Journal explores what is driving that dominance.

Five policy heavy-hitters issued a proposal this week to merge Fannie Mae and Freddie Mac into a single government corporation as a way to move beyond the conservatorships of the two government-sponsored enterprises.

The Consumer Financial Protection Bureau has implemented a new rule that broadens the ability of lenders in rural and underserved areas to originate qualified mortgages.

The Consumer Financial Protection Bureau faces a tough balancing act as it seeks to issues a proposal to rein in high-cost payday loans. A chief concern is what will replace payday lenders if federal regulations force many of them to shut down.