WASHINGTON—The IRS has issued an updated statement regarding economic impact payments (EIPs) specifically concerning taxpayers who didn't receive the second EIP due to temporary bank accounts identified in their records as being closed. The IRS statement includes individuals who used tax preparer services for their 2019 taxes.
Fresh Today
CHICAGO – Alliant Credit Union is reporting it sold $64.5 million of recreational vehicle (RV) loans to other credit unions during 2020.
SANTA FE, N.M.–This state’s legislature is debating the creation of a new state public bank, a move that has the support of New Mexico’s credit unions.
WASHINGTON—Following the reopening of the Paycheck Protection Program (PPP) portal and subsequent guidance from the Small Business Administration (SBA), NAFCU has updated its PPP FAQs to include new sections related to first- and second-draw PPP loans.
DUBLIN–A new report by Ireland’s credit union regulator has found the country’s CUs have become “more resilient” and better able to weather the current financial challenges, although concerns remain.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has extended the comment period for its recent convertible virtual currency (CVC) proposal.
WASHINGTON—The Federal Trade Commission has adjusted the maximum civil penalty dollar amounts for violations of 16 provisions of law the FTC enforces, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.
WASHINGTON–On his first day in office President Biden signed a number of executive orders, several of which are aimed at the economy and that will have effects on credit unions and their members.
NEW YORK–Americans whose income has declined due to the COVID-19 pandemic are feeling the brunt of higher bank and CU fees, too, a new report has found. The same survey also released a list of best credit unions and banks.
ELKO, Nev.–Elko FCU got creative with its year-end giveback to members.