BROOKFIELD, Wis. – Fiserv has announced a new solution for consumers and small businesses facing income disruption and economic stress due to the COVID-19 pandemic the company says allows them to swiftly and affordably access funds from existing credit lines on credit cards through their financial institutions.
Fresh Today
NEW YORK–Almost one-third of unemployment benefits estimated to be owed to the millions of Americans who lost their jobs as a result of the coronavirus slump haven’t been paid yet, as states struggle to cope with the unprecedented wave of layoffs, according to a new analysis.
WASHINGTON—Saying it is seeking to help underserved borrowers, the Federal Housing Finance Agency (FHFA) has published a final rule on the Federal Home Loan Banks' (FHLB) housing goals, with a clarification that credit unions may participate.
ARLINGTON, Va.—NAFCU is moving into an area that has long been CUNA’s domain: individual state-level events.
WESTBROOK, Maine–The Maine Credit Union League and Synergent have joined with the Good Shepherd Food Bank to announce the launch of a new, month-long fundraising drive to support Good Shepherd Food Bank’s COVID-19 response and community food pantries.
WASHINGTON—The Defense Credit Union Council (DCUC) said that after careful consideration it has made the “difficult decision” to cancel its Annual Conference, which had been scheduled for August in San Francisco.
ST. PETERSBURG, Fla. — PSCU said it has entered into an agreement with Telrock to offer its cloud-based collection and recovery software platform, Optimus, to PSCU CUs and other credit unions. CUSO said the solution will help credit unions improve their overall delinquent account management performance.
RALEIGH, N.C.–Maurice R. Smith, CEO of Local Government FCU and Civic Federal Credit Union, has been elected the new chairman of the National Cooperative Bank (NCB).
SEOUL, South Korea—Samsung and Social Finance, better known as SoFI, have announced new details around a pending debit card program, which it said will be called Samsung Money by SoFi.
WASHINGTON–The Senate on Wednesday night passed a Paycheck Protection Program reform bill already passed by the House. It will now go to President Trump for his signature.