WASHINGTON—Ahead of a House Financial Services subcommittee hearing on cybersecurity and cybercriminal exploitation amid the pandemic, NAFCU sent a letter highlighting how credit unions are seeking to combat a rise in fraudsters targeting their members during the pandemic.
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WASHINGTON–The Federal Reserve said it will resume examination activities for all banks, after previously announcing a reduced focus on exam activity in light of the coronavirus response.
TRENTON, N.J.–New Jersey’s credit unions have signed on with the “One Jersey Pledge,” a statewide effort to share responsibility in restarting the economy in the wake of the coronavirus pandemic.
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–The White House is looking at a potential fourth stimulus package of as much as $2 trillion, with the focus on American manufacturing, according to Peter Navarro.
MADISON, Wis.–CUNA’s April Monthly Credit Union Estimates (MCUEs), which reflect the first credit union operating results for the first full month of the coronavirus crisis (April) reflect the “challenges wrought by immense fiscal and monetary policy responses,” according to the trade group.
JACKSONVILLE, Fla.–A decision by the Republican Party to split its convention later this summer will mean a big brand boost for one credit union.
NEW YORK–Small business loan approval rates have rebounded in May to 11.5% up from 8.9% in April according to a Biz2Credit report.
ARLINGTON, Va.–The fight between banks and credit unions over nominal leases on military bases may become as annual an issue as the defense budget itself, according to one person.
MARLBOUROUGH, Mass.–Graduates who are family members of the employees of credit unions in the four states served by the Cooperative Credit Union Association will be recognized during a virtual graduation ceremony and celebration hosted by the association this week.