WASHINGTON— The Paycheck Protection Program (PPP) likely has had "billions of dollars in PPP loans that may have been diverted due to fraud, waste, and abuse,” according to the House Select Subcommittee on the Coronavirus Pandemic, which has released a preliminary analysis.
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ST. PETERSBURG, Fla.–A class action lawsuit has been filed in a Michigan federal court against PSCU alleging the CUSO withheld overtime pay from its member service representatives in violation of the federal Fair Labor Standards Act.
MADISON, Wis.— CUES announced that this fall it is bringing top-rated speakers to the industry through Knowledge & Networking November, an online conference experience.
WASHINGTON–Sen. Mike Crapo (R-ID), chairman of the Senate Banking Committee, has sent a letter to the Office of the Comptroller of the Currency seeking an update on its next steps relative to digital banking and financial technologies.
WASHINGTON–The Credit Union System COVID-19 Restart and Recovery Task Force has released new findings for credit unions regarding business continuity, digital services and automation, staffing and operations, and industry financial impact.
BROOKFIELD, Wis.—Fiserv has introduced a new account aggregation solution called AllData.
BALTIMORE–Securityplus FCU said it plans to close its offices on election day, Nov. 3, and give its employees a paid day off.
WASHINGTON—The CFPB's Credit Union Advisory Council (CUAC) is set to meet Sept. 15 alongside the Bureau's other advisory councils for a listening session with members of the Bureau's Taskforce on Consumer Financial Law.
FITCHBURG, Mass.– IC Federal Credit Union here has launched a new community initiative fund that will be distributed to those who are struggling as a result of the coronavirus pandemic. The credit union has provided $50,000 for the assistance.
WASHINGTON—Remittances to several Latin American nations with close migrant ties to the United States declined sharply in the first half of 2020 – especially in April, when much of the U.S. was locked down due to the COVID-19 outbreak, according to a Pew Research Center analysis of data from their national central banks.