adminOn Wednesday, the Alabama Joint Legislative Task Force on Budget Reform met for the third time in Montgomery to continue its work on reform recommendations that will be made to the legislature in the upcoming session. The meeting began with a...
The Consumer Financial Protection Bureau formally appealed an October court ruling in the case of PHH v CFPB, where a mortgage originator was fined $109 million over what the bureau said amounted to a kickback scheme. In its filing, the CFPB said...
President-elect Donald Trump is expected to announce later on today that he has offered the job of attorney general to Alabama Sen. Jeff Sessions, according to transition official Sean Spicer. Sessions was an early Trump supporter and met with the...
League sources have provided some insight on items of interest from today’s NCUA Board meeting for 2017: There will be a $1 million decrease in the overall budget. The NCUA will institute an 18-month exam cycle for credit unions below $1 billion in...
Guardian Credit Union announced that it has reached an agreement with SouthCrest Financial Group to purchase its two Alabama offices and all related deposits and assets.The sale, subject to regulatory approval, is expected to close in early 2017...
The U.S. Department of Housing and Urban Development (HUD) yesterday released its annual report to Congress on the financial condition of the Federal Housing Administration’s Mutual Mortgage Insurance (MMI) Fund. The independent actuarial analysis...