WASHINGTON–The U.S. economy added 1.8 million jobs during July, reflecting a significant slowdown from June as many of the earlier reopenings of the economy have been reversed to a resurgence of the coronavirus.
Fresh Today
WASHINGTON—NAFCU has joined with several other financial services trade organizations in a response to the recently proposed Continuing Small Business Recovery and Paycheck Protection Act. The legislation was introduced by Senate Small Business Committee Chairman Marco Rubio (R-FL) and is under consideration as part of the Senate’s Phase 4 relief package.
WASHINGTON–In last week’s primaries, two of the five candidates whom credit unions were backing in five races CUNA said it was paying particular attention to lost their bids for election.
PURCHASE, N.Y.—Mastercard reported total U.S. purchase volume of $405 billion in the quarter ended June 30, down 5% from $427 billion a year earlier.
WASHINGTON–The Federal Reserve is seeking feedback as part of a national survey it is conducting of Community Development Financial Institutions (CDFIs) related to the effects of COVID-19 on their organizations, clients and communities, as well as the ways in which CDFIs have responded to the crisis.
WASHINGTON -- The Treasury Department has fined Capital One $80 million for what were described as careless network security practices that enabled a hacker to access the personal information of 106 million of the bank’s credit card holders.
MADISON, Wis.–The World Council of Credit Unions has signed a cooperation agreement with Poland’s National Association for Cooperative Savings and Credit Unions (NACSCU) and Sicredi, the largest credit union system in Brazil.
HARAHAN, La.–During a virtual annual meeting and convention, six people were inducted into the Louisiana Credit Union Hall of Fame.
AURORA, Colo.–While the economy is lagging as a result of coronavirus pandemic, credit unions continue to roll out some interesting marketing efforts.
BIRMINGHAM, Ala.–Dollar Associates has announced an upcoming webinar titled “NCUA's Field of Membership Rules: What Do They Mean for My Credit Union?”