Fresh Today

NEW YORK–Regardless of how litigation plays out over the federal government’s prohibitions on evictions, credit unions should prepare for members to feel even more financially squeezed, as rents are soaring across many U.S. cities, a new report notes. But one analyst says the pandemic has skewed some of the numbers a bit.

WASHINGTON—CUNA said it supports creating a beneficial ownership information database, as it would shift the burden of collecting beneficial ownership information from credit unions to the Financial Crimes Enforcement Network (FinCEN).

ARLINGTON, Va.—Total vehicle sales stayed strong in April growing from 18 million annualized units to 18.5 million during the month. Monthly sales levels were up a massive 112.2% year-over-year.

LAKE FOREST, Calif.–The effects of the COVID-19 pandemic are now being seen in a different way in credit union marketing, this time not in the messaging, but in the materials.

MOUNTAIN VIEW, Calif.—More companies, including some of the largest and most innovative when it comes to workspaces, are announcing the kinds of changes employees will see when they return to work.

PROVIDENCE, R.I.–Rhode Island Gov. Daniel McKee met representatives of some of the state’s credit unions for a roundtable discussion about the state of the economy and the efforts of his Administration to advance the health and success of the state.

BARTLETT, Tenn.–First South Financial CU here has selected Credit Union Student Choice to provide it with solutions for both private student loans and student loan refinance.

WASHINGTON—The Federal Reserve has issued a request for comment on a set of proposed guidelines the central bank will use when evaluating requests for accounts and payment services at Federal Reserve Banks.

MADISON, Wis.– Members First Credit  Union has named a new president and CEO to succeed the retired Nicholas Kessenich.

NEW YORK—Another factor playing a role in helping credit card debt to surge? All those new hobbies Americans have, according to a new report.