WASHINGTON—The nation’s banks will begin easing loan standards in 2021 after a year of tightening their underwriting due to the coronavirus pandemic, according to the Fed’s fourth quarter 2020 Senior Loan Officer Opinion survey.
Fresh Today
WASHINGTON–The Senate appears poised to address a sweeping overhaul of the federal prohibition on marijuana, which, should such legislation pass Congress, would considerably reduce the risks to credit unions serving the cannabis industry.
ALEXANDRIA, Va.–NCUA said it will hold a webinar on Thursday, Feb. 11 to provide participants with an update on new Chairman Todd M. Harper’s priorities, the agency’s supervisory activities, and recently issued guidance and regulations, among other topics.
WASHINGTON–The questions raised by the nation’s credit unions in promoting and making Paycheck Protection Program (PPP) loans to date have largely been technical and administrative—but now some economists are asking a bigger question—has the half-billion-dollar program worked?
SALT LAKE CITY—One credit union’s migration to a new checking account structure has led to some member complaints—including one member who has taken to Facebook—and local media attention.
WINSTON-SALEM, N.C.–Piedmont Advantage Credit Union has selected Houston-based Dolphin Debit, the full-service ATM management company, to manage its fleet of ATMs.
PARCHMENT, Mich.–Advia Credit Union said it is expanding its relationship with CU Recovery & The Loan Service Center, a PSCU company.
WASHINGTON—The Small Business Administration (SBA) and Treasury Department have released new paycheck protection program (PPP) FAQs to address questions related to Bank Secrecy Act (BSA)/anti-money laundering (AML) requirements.
WASHINGTON–CUNA has announced another of the keynoters for its upcoming virtual Governmental Affairs Conference (GAC).
WASHINGTON—Cryptocurrencies are likely to come under renewed regulatory scrutiny over the next four years if new Treasury Department Secretary Janet Yellen gets her way.