New Joint Rule on Appraisals for Higher-Priced Mortgages Released

Seven agencies issued a joint rule this week requiring lenders to perform an appraisal on all higher-priced mortgage loans prior to extending the loan.

National Survey Says Consumers Will Spend More during Holidays

A new national survey from CUNA and the Consumer Federation of America released Wednesday says more consumers will spend more this holiday season than last, marking the fourth year of gradual improvement since the beginning of the recession in 2008.

CFPB Unveils Five-Year Strategic Plan

The CFPB released a draft of its strategic plan for 2013-2018 yesterday, and credit unions can suggest improvements and comment on its potential impact on the consumer finance market until Oct. 25.