MADISON, Wis.–During a webinar hosted by the World Council of Credit Unions it was confirmed the world is indeed in a global recession, with the only good news being there will be a recovery—but not until 2021 at the earliest.
Fresh Today
HUNTSVILLE, Ala.– Redstone Federal Credit Union has selected Fiserv’s Zelle to provide it with person-to-person (P2P) payments solutions, including account-to-account transfers with other services.
NEW YORK—Not surprisingly, new data show more Americans are relying on credit cards to buy essentials such as groceries while they conserve cash as the unemployment rate skyrockets as a result of the coronavirus pandemic.
WASHINGTON—President Donald Trump has signed an executive order requiring agencies to take measures to eliminate, modify, waive, or exempt burdensome regulatory requirements in efforts to help support economic recovery from the effects of the coronavirus pandemic.
WASHINGTON—The Federal Trade Commission (FTC) has sent joint letters with the Federal Communications Commission (FCC) to three companies providing Voice over Internet Protocol (VoIP) services, warning them that routing and transmitting illegal coronavirus-related scam robocalls is itself illegal and may lead to federal law enforcement against them, the FTC stated.
PURCHASE, N.Y.—Small businesses and individuals having a hard time entering the digital economy are getting a boost from Mastercard as the need to receive funds electronically and make digital and contactless payments has been underscored by the COVID-19 pandemic.
ALEXANDRIA, Va.–The NCUA board has voted 3-0 in favor of a temporary change that keeps a credit union from falling under Prompt Corrective Action rules if its net worth has changed due to an influx of deposits.
ALEXANDRIA, Va.–An interim final rule on overdraft proposed and supported by NCUA Chairman Rodney Hood has been tabled after his two fellow board members—one of whom called the process “sketchy”—expressed opposition.
ALEXANDRIA, Va.–Responding to the economic downturn, NCUA increased the NCUSIF’s general reserve fund for covering CU losses by $60.98 million to $177.7 million at the end of the first quarter.
WASHIINGTON–The Federal Housing Finance Agency has issued a notice of proposed rulemaking that seeks to establish a new regulatory capital framework for Fannie Mae and Freddie Mac (the GSEs).