LAHAINA, Maui–Credit unions on this island are participating in a new Kōkua Maui County Small Business Recovery & Relief Fund aimed at assisting small businesses as they deal with the effects of COVID-19.
Fresh Today
NEW YORK—With many people under financial pressure during the pandemic, many are turning to what are known as “buy now, pay later” services to make their purchases.
NEW YORK–The ongoing shortage of coins has led to everything from some banks paying a premium for change to a government task force making its own recommendations.
WASHINGTON—The Consumer Financial Protection Bureau has issued a request for information (RFI) on how best to create a regulatory environment that expands access to credit and “ensures that all consumers and communities are protected from discrimination in all aspects of a credit transaction.”
WASHINGTON—The Federal Housing Finance Agency (FHFA) has announced an extension of the temporary policy allowing the government-sponsored enterprises (GSEs) to purchase certain single-family mortgage loans in forbearance.
WASHINGTON–A new survey of senior loan officers released by the Fed has found banks tightening standards across all lending types.
SAN FRANCISCO–Uber, which for many years was held up at credit union conferences as one of the biggest threats to financial disruption, has now announced it is dialing back its financial services plans.
WASHINGTON—CUNA has expressed concerns the Office of the Comptroller of the Currency is considering “industry altering changes” without sufficient public consideration, it wrote to the agency.
BONITA SPRINGS, Fla.–Look for the used car market to be flooded with a new source of automobiles over the second half of the year. According to a filing with the Securities and Exchange Commission, Hertz has until Dec. 31, 2020, to get rid of 182,521 cars.
WASHINGTON—NAFCU has joined with more than a dozen other trade groups representing various housing market stakeholders to voice concerns about the Federal Housing Administration's (FHA) current calculation of student loan debt "disqualifying otherwise creditworthy borrowers by using a formulaic calculation in lieu of the actual monthly obligation that appears on the credit report."