ST. PAUL, Minn.–Dozens of credit union employees fanned out across one state while nearly 2,500 employees from a single CU in another state also headed into their communities yesterday for a day of volunteerism, fundraising, community projects and more.
Fresh Today
RANCHO CUCAMONGA, Calif.—Credit card spending is making a comeback even as the pandemic persists, CO-OP Financial Services is reporting.
ALEXANDRIA, Va.—The NCUA board on Thursday plans to issue a final rule on corporate credit unions, as well as a proposed rule related to derivatives.
ARLINGTON, Va.—Total consumer credit fell 2.1% in August (seasonally adjusted, annualized) after two months of solid gains.
NEW YORK–Taxi-medallion owners driving cabs in this city continue to protest terms of their loans and call for financial relief, even as the city and the company that bought a huge portfolio of medallion loans from NCUA have indicated little relief will be forthcoming.
LONDON–The outlook of consumers around the world is improving, but significant concern remains that will depress consumer credit demand and risk appetite well into the post-pandemic recession, according to a new analysis from GlobalData.
WASHINGTON—NAFCU has joined with dozens of other organizations in urging leaders of the Senate and House Armed Services Committees to include Bank Secrecy Act (BSA)/anti-money laundering (AML) and beneficial ownership reforms in the fiscal year 2021 National Defense Authorization Act (NDAA).
NEW YORK–The number of mortgages in active forbearances plunged last week as the first wave of forbearance plans hit the end of their six-month term. It was the largest decline since the crisis began.
WASHINGTON—The Small Business Administration (SBA) and Treasury Department have released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans under $50,000.
WASHINGTON—Comments on NCUA’s current expected credit loss (CECL) proposal are among several comment deadlines for credit unions during October.