ST. PETERSBURG, Fla.–Overall card payment volumes among PSCU credit unions continue to be generally positive, with debit still leading the way, but with the weekly improvement in credit one of the strongest seen since the early effects of the pandemic, according to a new report.
Fresh Today
EDGELEY, N.D.–The CEO of Dakota Plains Credit Union here has announced his upcoming retirement. Mike Reisnour, who has led the $81-million credit union since 2011, said he will retire this Fall. The credit union has launched a search for a replacement.
WASHINGTON—Between a pair of new letters, almost all members of the Senate have called on Small Business Administration (SBA) Administrator Jovita Carranza and Treasury Secretary Steven Mnuchin to revise the SBA's paycheck protection (PPP) forgiveness application with improvements needed to streamline and simplify the process.
WASHINGTON—President Donald Trump Monday nominated Kyle Hauptman to fill Mark McWatters’ seat on the NCUA board, the White House announced.
DALLAS–A popular conference that had been postponed once due to the coronavirus has now been cancelled again.
WASHINGTON–The Federal Trade Commission has taken action against two New York-based companies engaged in small-business financing, along with several of their owners and officers, alleging the companies threatened to break one person’s jaw and accuse another of being a child molester, if the borrowers did not pay.
SIOUX FALLS, S.D.–In response to what it has called a “devastating” situation, the ATM Industry Association has launched an ATM and Cash Revival Plan.
WASHINGTON–The Federal Reserve has released a new report, “Fed Listens: Perspectives from the Public,” which summarizes the 15 Fed Listens events held by Federal Reserve Banks since the beginning of 2019.
NEW YORK–As the economic stresses created by the coronavirus pandemic continue, credit unions and businesses are being warned cyber-criminals will continue to seek to exploit fear of financial insecurity as part of phishing campaigns, and is offering seven ways IT teams can help protect their organizations, especially with more employees working at home.
ALEXANDRIA, Va.–Two consumer groups and one credit union have sent a letter to the NCUA board saying the Interim Final Rule on Overdraft Policy that was tabled during the May board meeting fails to meet the needs of members, even though it is “desperately” needed, and states the overdraft practices of many CUs is “detrimental” to members.