Fresh Today

NEW YORK–As of May 30, community development credit unions (CDCUs) had made more than $600 million in Paycheck Protection Program loans to their respective members, according to data compiled by Inclusiv. Separately, the SBA has introduced a new tool to connect small businesses with CDFI and MDIs.

WASHINGTON—The IRS has published a notice of proposed rulemaking on regulations under section 4960 of the Internal Revenue Code on executive compensation and parachute payments, portions of which could affect credit unions.

WASHINGTON—The Federal Housing Finance Agency (FHFA) is being asked to ensure the benefits of the FHLB System are fairly and appropriately extended to as many members as possible.

WASHINGTON—The economy will likely see a significant decline in growth in 2020 and a modest recovery in 2021, CUNA Senior Economist Jordan van Rijn said.

SACRAMENTO, Calif.–The Golden 1 Credit Union will wrap up its Selfie Challenge sweepstakes today.

MADISON, Wis.–The CUNA Councils have a new addition: The CUNA Compliance & Risk Council.

WASHINGTON–The Consumer Financial Protection Bureau has issued an interpretive rule it said is designed to provide guidance to creditors and other persons involved in the mortgage origination process about how the Bureau determines which counties qualify as “underserved” for a given calendar year.

MADISON, Wis.—The United States Agency for International Development (USAID) has chosen the World Council of Credit Unions to implement the flagship project for its new Venezuela Regional Response Program.

WASHINGTON—A “rogue” payment processor and its owners agreed to be permanently banned from payment processing in order to settle charges by the Federal Trade Commission and the State of Ohio that they unlawfully processed payments for multiple scam operations, the FTC said.

WASHINGTON–A world that has changed much since the beginning of this congressional session has sidetracked many CU priorities.