WASHINGTON – The Consumer Financial Protection Bureau announced it issued two No-Action Letter (NAL) Templates that it said will help struggling homeowners who are seeking loss-mitigation efforts, as well as consumers seeking small-dollar loans.
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WASHINGTON—The House next week is expected consider a bipartisan plan to ease restrictions on how businesses use the Small Business Administration's (SBA) paycheck protection program (PPP).
WASHINGTON—Members of the Federal Open Market Committee (FOMC) agreed that the effects of the coronavirus outbreak and ongoing pandemic would continue to weigh heavily on economic activity, employment, and inflation in the near term, according to minutes from the committee's April videoconference meeting.
WASHINGTON–At least one consumer group is blasting the FDIC announced plans to repeal two guidances that protect consumers against high-cost bank payday loans over 36%, and further expressing concern over an announcement by four federal regulators—including NCUA—after they issued small-dollar loan guidance .
SACRAMENTO, Calif.–SAFE Credit Union has become the first business partner to sign on with an effort to promote local businesses. SAFE is providing both funds and marketing assistance for the “100 Local Pledge” campaign.
SUMTER, S.C. – Effective with their May 22nd paychecks, employees of SAFE Federal Credit Union have been given a permanent $2-per-hour wage increase.
MADISON, Wis.–Members of the CUNA CEO Council focused on branch reopening strategies and safety measures, staff reintroductions, and loan/net interest income issues during a virtual chat, according to CUNA.
MIDLAND, Mich.–Several credit unions here have closed branches due to heavy rains, flooding and two dams that have burst.
MADISON, Wis.—CUES has announced credit union professionals and directors industry-wide can sign up for a free 45-day trial membership.’
WASHINGTON–The Justice Department has sent grand jury subpoenas to big banks seeking records as part of a broader investigation into potential abuse of a $660 billion Paycheck Protection Program, according to Reuters.