Aaron Passman is editor of Credit Union Journal, the nation’s leading credit union news resource. He was appointed editor in 2018 after two years as an assistant editor at CUJ and nearly five years as a reporter there. He has worked as a staff writer or freelancer for a variety of publications across the country and is a graduate of the University of Kansas.
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The industry has taken some steps to lower barriers to affordable housing, but some observers say that more can be done.
September 5 -
A handful of institutions in the last year have rolled out loan programs targeting members of the military and first responders, but there could be risks associated with these mortgages if the economy takes a nosedive.
By Palash GhoshJuly 4 -
Some credit union advocates are praising the Consumer Financial Protection Bureau for a move that exempts select institutions from certain reporting requirements, but other say the bureau must still do more.
July 11 -
National Credit Union Administration Chairman J. Mark McWatters said dropping Consumer Financial Protection Bureau oversight of credit unions would free up CFPB resources.
July 6 -
New and used auto lending broke records, while HELOCs and second mortgages reached levels not seen since 2012.
July 3 -
The credit union allegedly denied a 2015 mortgage application from a married couple when the woman was on maternity leave, violating the Fair Housing Act.
May 10 -
The regulator's settlement with Nomura is tied to the failures of two corporate credit unions, though Nomura did not admit fault as part of its settlement.
November 3