Fannie Mae has a new mortgage offering called HomeReady Mortgage, designed for creditworthy, low- to moderate-income borrower. It allows expanded eligibility for financing homes in designated low-income, minority, and disaster impacted communities.
Buzz Points this week launched a mobile app for iOS that will allow users to purchase, manage and redeem points and offers from local businesses through their mobile devices. The app also enables users to explore new local businesses anywhere in the United States.
Bethpage FCU, with $5.6 billion in assets, will be the first credit union to launch CO-OP Financial Services' CardNav, a new product that allows credit union members to decide when, where and how their credit and debit cards are used, in advance and in real-time.
The U.S. Department of Labor’s proposed overtime rule would affect a substantial portion of credit union employees, particularly at smaller credit unions and those in rural or underserved areas, CUNA told the department Tuesday.