More consumers are gaining access to loans with the help of artificial intelligence (AI) – loans that also pay off for financial institutions. That’s the message shared by Commonwealth Credit Union President/CEO Karen Harbin at a Congressional field hearing Friday in Lexington, Ky. House Financial Services Subcommittee Chair Rep. Andy Barr (R) asked Harbin—who also serves …
This week, Congress is back in their districts, providing credit union advocates with an opportunity to connect with lawmakers one-on-one on industry priorities. Of note, America’s Credit Unions will monitor the NCUA Board meeting, happening Thursday at 10 a.m. Eastern. See what’s on the meeting agenda. Also happening this week: Stay tuned to America’s Credit …
New mortgage lending transaction data reported under the Home Mortgage Disclosure Act (HMDA) by 5,223 U.S. financial institutions is now available. The Federal Financial Institutions Examination Council (FFIEC) published the 2023 data from credit unions, banks, savings associations, and mortgage companies. The Snapshot National Loan-Level Dataset contains the available national HMDA datasets as of May …
