WASHINGTON—If a recent court ruling is upheld, credit unions and CUSOs will be required to release the names of those to whom they made Paycheck Protection Program loans.
Fresh Today
WASHINGTON—The federal government is being overwhelmed with reports of potential fraud in the Paycheck Protection Program, which likely won’t come as a surprise to many in credit unions given the speed with which applications were being accepted and processed.
WASHINGTON–The House and Senate are both back in Washington this week to begin a lame duck session that will include testimony before two different committees by NCUA Chairman Rodney Hood and other financial regulators.
LONG ISLAND CITY, N.Y.–United Nations FCU has announced the retirement of its CEO effective Jan. 1,2021, as well as a successor.
RANCHO CUCAMONGA, California – CO-OP Financial Services said it is introducing CO-OP Insights Center, which it is describing as a web-based business intelligence and reporting platform that simplifies complex portfolio information to produce meaningful, actionable insights.
ARLINGTON, Va.–The election of Joe Biden as the next president of the United States doesn’t mean all the uncertainty in Washington is now settled, but it does mean “we are on the road to becoming more settled,” according to NAFCU’s vice president of legislative affairs, Brad Thaler.
ST. PETERSBURG, Fla.–Card payment volume growth rates continued to show “overall strength” in the most recent weekly analysis released by PSCU’s Advisors Plus and Data & Analytics teams, which also includes a “deeper dive” into Card Not Present activity.
WASHINGTON—The Consumer Financial Protection Bureau has issued a consent order against SMART Payment Plan, LLC, finding the company’s disclosures of its loan payment program contained misleading statements in violation of the Consumer Financial Protection Act of 2010’s prohibition against deceptive acts or practices.
DENVER.–The Mountain West Credit Union Association, which represents CUs in Colorado, Arizona, and Wyoming, joined with the Utah Credit Union Association and Montana’s Credit Unions to host a joint virtual training conference for volunteers and boards.
PITTSBURGH—Tri Valley Service FCU said it has been approved by NCUA to expand to a community charter and that it plans to specifically focus on the underserved.