SACRAMENTO–California’s credit unions said a proposal put forth by Democratic lawmakers in this state that would provide sweeping protections for homeowners, renters and landlords from the economic fallout of the coronavirus would be a “financial disaster” if enacted.
Fresh Today
WASHINGTON–In remarks that are a departure from the normally conservative, guarded remarks of Federal Reserve chairmen, Fed Chairman Jerome Powell called the current economic crisis “without modern precedent,” and suggested permanent damage to the economy could occur if policymakers do not provide sufficient financial support.
WASHINGTON—There will be no audits of any loans of less than $2 million made through the Paycheck Protection Program (PPP), according to newly released updated FAQs.
WASHINGTON–A new Fed report on the financial well-being of American households won’t come as a huge surprise—it’s not so well.
LANSING, Mich.–Associations representing credit unions across five states have compiled updated numbers showing how CUs have responded with relief and assistance during the coronavirus pandemic to date.
LANSING Mich.–Credit unions continue to announce expanded efforts to help in response to the coronavirus pandemic with a variety of responses.
ALEXANDRIA, Va.–In its semiannual report to Congress NCUA’s Office of Inspector General said it currently has four areas under review, including the agency’s oversight of CUSOs and other third-party providers.
MADISON, Wis.– During a Global Women’s Leadership Network (GWLN) Sister Society meeting participants raised concerns ranging from starvation and domestic violence to moms' working from home while trying to school their children. The virtual event was hosted by Ser Technology for the six Sister Societies in California and Nevada.
NASHVILLE—Small business optimism took another dive in April, falling 5.5 points to 90.9, with owners expressing certainty the economy will weaken in the near-term. On the positive side, business owners expect the economy will improve over the next six months, the National Federation of Independent Business (NFIB) reported.
BROOKFIELD, Wis.–Fiserv said it is ready to help credit unions facilitate loan forgiveness applications and service loans made through the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP).