RICHARDSON, Texas, May 8, 2024 /PRNewswire/ -- Texans Credit Union (Texans), a leading financial institution with a 70-year legacy of dedicated service to the North Texas community, proudly unveils its new logo. The redesign represents a bold step forward, embodying the organization's commitment to its Texas Instruments (TI) heritage, tradition, innovation and the vibrant spirit of Texas.
In spite of record-high credit card debt of more than $1 trillion, many Americans are taking steps to reduce their debt. A recent GOBankingRates study showed that consumer debt decreased in 32 states plus the District of Columbia between the third and fourth quarters of 2023.
Michigan legislators are tackling predatory lending practices, aiming to set standards for payday loans and maximum interest rates.
On May 6, 2024, the Consumer Financial Protection Bureau filed a complaint and two proposed stipulated final judgments to resolve the Bureau’s claims against the National Collegiate Student Loan Trusts (the Trusts) and the Pennsylvania Higher Education Assistance Agency d/b/a American Education Services (PHEAA), respectively. PHEAA is a student loan servicer and has been the primary servicer for loans held by the Trusts since at least 2006.
NEW YORK—The Federal Reserve Bank of New York today released a report quantifying sales of loans by Community Development Financial Institutions (CDFIs). The report, “Examining the Origination and Sale of Loans by Community Development Financial Institutions,” finds the amount of loans originated by CDFIs more than doubled between 2018 and 2022, reaching $67 billion.
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