WASHINGTON—The Commerce Department has released its second estimate of economic activity for the second quarter, which showed a 31.7% collapse due to the coronavirus pandemic.
Fresh Today
NEW YORK–The nation’s credit unions had $8.34 billion in Paycheck Protection Program loans outstanding at the end of June, according to a new analysis.
WASHINGTON—The Consumer Financial Protection Bureau has issued a new Home Mortgage Disclosure Act (HMDA) analysis of the 2019 HMDA Data.
SAN FRANCISCO–Wells Fargo is again the subject of another proposed class action lawsuit.
MORTON GROVE, Ill.–Two Illinois Credit Unions are reporting they have completed a merger.
CASCADE, Iowa—Dupaco Community Credit Union said it is partnering with Dubuque, Iowa-based Creative Adventure Lab to combine programming content and expertise in order to empower financial education, community innovation, and entrepreneurship in a new space called The Innovation Lab here.
LAKEWOOD, Colo.–Aux, which describes itself as a “boutique back office” CUSO and which was formerly known as CU Service Network, has announced the new credit union clients it has added during the first half of 2020.
PURCHASE, N.Y.—Major payment companies have long looked on at cryptocurrencies as too risky to touch, but now they may be too tempting to ignore.
MADISON, Wis.–The newly created World Council of Credit Unions’ committee tasked with identifying best practices and strategies credit unions around the globe can utilize in their response to the COVID-19 pandemic has held its first meeting.
NEW YORK–Corporate bankruptcies in the U.S. are now on pace to hit their highest levels in a decade, and analysts are projecting even more companies will file for bankruptcy as the coronavirus pandemic and resulting economic slowdown continues.