WASHINGTON—NAFCU and CUNA have joined with more than 140 other trade groups – representing various industries and businesses – to urge Congress to pass bipartisan legislation that would ease the forgiveness process for paycheck protection program (PPP) loans under $150,000.
Fresh Today
MERIDEN, Conn.–A celebration of credit unions as “Financial First Responders” has gained national attention during the COVID-19 pandemic and became a popular hashtag on social media, and now the state league’s charitable arm is offering branded t-shirts and other promotional items to thank CU employees for their work.
TOTOWA, N.J.–Another position has been added to CUToday.info’s free job board, the Gig.
SAN FRANCISCO–The fintech Social Finance, better known as SoFi, has filed an application for a national bank charter with the Office of the Comptroller of the Currency (OCC).
WASHINGTON–A “Unity Task Force” created by Democratic presidential candidate Joe Biden and former candidate and Sen. Bernie Sanders (I-VT) has put forth a list of recommendations for the Democratic Party platform that includes a new type of credit reporting platform.
WASHINGTON,– The Consumer Financial Protection Bureau (Bureau) has filed a lawsuit against My Loan Doctor LLC, a Delaware financial-services company operating in West Palm Beach, Fla. and New York City that has doing business as Loan Doctor. The suit also names as a defendant the company’s founder, Edgar Radjabli.
SOUIX FALLS, S.D.–The ATM Industry Association (ATIMA) has released a new slideshow it said is designed to illustrate the steps taken by the industry to raise awareness of cash access and safety throughout the COVID-19 crisis.
LANSING, Mich. –The Michigan CU League has released new data compiling how the state’s credit unions have provided financial help, including with mortgage assistance, emergency loans and assisting small business owners with Paycheck Protection Program loans, during Q2 in response to the coronavirus.
NEW YORK—Verizon and Synchrony have partnered to launch the new Verizon Visa Card, exclusively available to Verizon wireless customers.
ARLINGTON, Va. – The National Association of State Credit Union Supervisors (NASCUS) and CUNA Mutual Group have filed separate comment letters on NCUA’s subordinated debt proposal.