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CUNA and NAFCU are now America's Credit Unions.

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April 26, 2024

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Q1 GDP ‘fell shy of expectations,’ but had some strong components ([link removed] )

The Bureau of Economic Analysis Thursday released 2024’s first quarter gross domestic product (GDP) report, which showed an annual rate increase of 1.6%. “GDP fell shy of expectations in the first quarter, registering the slowest pace of growth in nearly two years. However, key components like consumption and business fixed investment remained strong, while volatile …

CFPB tackles fees from mortgage servicers ([link removed] )

The CFPB Wednesday released its spring supervisory highlights detailing the bureau’s efforts to combat fees charged by mortgage servicers. Examinations found servicers were: The report flagged some mortgage servicers were illegally charging and obscuring fees, held homeowners accountable for fees during the pandemic – even when those fees were waived – forced homeowners to pay …

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