DENVER–Why did the CEO of one company that received $250 million in government relief funds as part of the response to the pandemic return the money, even though the company didn’t need to?
Fresh Today
WASHINGTON—The CFPB provided a status update to the California federal district court on its efforts to implement Section 1071 of the Dodd-Frank Act requiring financial institutions to collect and report on data related to small business lending.
SEATTLE—Remitly, an international payments company in North America, announced it has partnered with fintech and bank holding company Green Dot Corp. to launch Cash Deposit, a new feature for Passbook by Remitly.
CHARLOTTE, N.C.—With mortgage forbearance for stressed homeowners receiving significant attention from both government officials and the media, a new survey has found a surprisingly high percentage of borrowers who applied for and got forbearance say they didn’t need it.
MADISON, Wis.–The Worldwide Foundation for Credit Unions has assembled and released a global compilation in the form of an infographic showing how credit unions are helping their communities overcome the effects of COVID-19.
WASHINGTON–Credit unions, CU leaders and other organizations across the country have issued a number of statements and taken to Twitter to express their thoughts and responses to the death of George Floyd at the hands of a Minneapolis police officer and the resulting protests over treatment of African-Americans by police.
SANTA ANA, Calif.–Several credit unions in California have announced branch closures in response to protests and looting that have taken place in the wake of the death of George Floyd at the hands of the Minneapolis Police.
SAN ANTONIO–Credit unions across the country are announcing plans for partially or fully reopen branches this week and next.
WASHINGTON—A diverse coalition of more than 200 trade associations and other organizations, including the American Bankers Association and CUNA, are calling on lawmakers to enact “temporary and targeted liability relief legislation” to safeguard businesses, nonprofits and others from frivolous lawsuits as employees return to workplaces.
SAN ANTONIO–One credit union has announced a new CEO, while another has launched a search for a new one following a retirement announcement.