WASHINGTON—The Trump Administration has indicated it is open to some sort of blanket forgiveness for all of the smaller loans made as part of the Paycheck Protection Program.
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WASHINGTON—Changes to regulations and the creation of new lending programs have and will continue to help consumers affected by the COVID-19 pandemic, CUNA said in a letter to the House Small Business Committee prior to its hearing on oversight of pandemic recovery programs.
GLEN ALLEN, Va.–For the second time in less than a month, members of a credit union have voted against a proposed merger.
WASHINGTON–CUNA’s new CU System COVID 19 Restart and Recovery Task Force has held its third meeting, with a focus on how information and resources related to dealing with COVID-19 might be made better available.
WASHINGTON—The Consumer Financial Protection Bureau has issued an updated Complaint Bulletin that it said analyzes the more than 8,000 complaints it received from January through May 2020 and which mention coronavirus or related terms (“coronavirus keywords”).
WASHINGTON–Military Saves has awarded six credit unions and four banks the Military Saves Designation of Savings Excellence for their “extraordinary efforts to motivate their communities to build personal savings” during Military Saves Month 2020.
LAKELAND, Fla.—Publix Employees Federal Union reported it has launched a member-focused blog called “Making Money Prosper.”
LONDON–The ongoing coronavirus pandemic’s effects on consumer behavior, especially a new willingness to engage with their finances online, is leading investors to pump funds into fintechs.
WASHINGTON–The Federal Reserve Board said it has modified its Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations.
ARLINGTON, Va.—Following a record 18.2% rebound in May, retail sales continued to recover in June and rose 7.5%.