WASHINGTON–There is a growing divide in Congress and with the Trump Administration related to oversight of the trillions of dollars in coronavirus pandemic-related aid and loans that have been made to date.
Fresh Today
ST. PETERSBURG, Fla.—The payments landscape may never be the same due to the coronavirus pandemic, according to Chuck Fagan.
ST. PETERSBURG, Fla.—Credit unions are facing two major payments issues: Interchange revenue is taking a big hit during the pandemic, and consumers are not likely to change their new spending behaviors for well over a year.
WASHINGTON–The nation’s 5,116 commercial banks and savings institutions insured by the FDIC reported declines in income during the first quarter, driven in large part by increased provision expenses and goodwill impairment charges related to the coronavirus pandemic.
WASHINGTON—Fannie Mae and Freddie Mac have hired investment advisors as they seek to exit control of the federal government.
TROY, Ohio–The virtual environment to which so many meetings, events and forums have moved has a new addition—a virtual groundbreaking for a credit union branch.
SAN ANTONIO—SWBC has launched MPOWER+ Vehicle Return Protection, provided by EFG Companies.
WASHINGTON—Small Business Administration (SBA) Administrator Jovita Carranza is urging lenders participating in the Paycheck Protection Program (PPP) "to redouble [their] efforts to assist eligible borrowers in underserved and disadvantaged communities."
SEATTLE–Amazon is partnering with Goldman Sachs to introduce a new digital credit line for U.S.-based merchants.
WASHINGTON—The Federal Housing Finance Agency (FHFA) has issued its 2019 Report to Congress, which includes its response to the coronavirus pandemic as well as its plans to re-propose minimum financial eligibility requirements for Fannie Mae and Freddie Mac Sellers/Servicers.