THE news

WASHINGTON–After more than four decades of serving as the nation’s economic majority, the American middle class is now matched in number by those in the economic tiers above and below it, according to new analysis by the Pew Research Center.

MADISON, Wis.—The Filene Research Institute said it has entered into a collaboration with QCash, a digital lending platform that offers relationship-based underwriting, without credit check, to members in search of small, short-term unsecured loans.

WASHINGTON—NAFCU and CUNA are gearing up for an abbreviated legislative year, one in which both trade groups plan to pursue opportunities to reduce CU regulatory burden.

WASHINGTON–Fannie Mae and Freddie Mac plan in 2016 to push the sales of new types of securities that in effect transfer potential losses in a housing downturn to private investors.

ADISON, Wis.–Credit unions added another 235,000 new members and loan balances grew at a 9.9% seasonally adjusted annualized pace through October, according to the latest CUNA Mutual Trends Report.

ALEXANDRIA, Va.—By a pair of 3-0 votes, the NCUA board Thursday passed a final rule covering interest on lawyer trust accounts (IOLTAs) and certain other escrow accounts involving prepaid cards, as well as putting out for comment two broad categories of its rules.