WASHINGTON–Attorneys General from 22 states have sent a joint letter to the three primary credit reporting agencies seeking to remind the companies of their obligations during the COVID-19 pandemic to comply with the Fair Credit Reporting Act.
Fresh Today
ARLINGTON, Va.—As NAFCU sends out voting ballots for its 2020 board elections, one of the at-large board elections in the Western Region has concluded, with Lisa Schlehuber, CEO of Elements Financial FCU in Indiana, elected to finish her final year.
WASHINGTON—CFPB Director Kathy Kraninger has sent a letter to Federal Communications Commission (FCC) Chairman Ajit Pai urging the FCC to expedite its declaratory ruling to allow financial institutions to contact consumers on matters related to the coronavirus pandemic during the national emergency.
MADISON, Wis.–The World Council of Credit Unions has released a COVID-19 Guide for Credit Unions it said is focused on bringing together responses by the international standard setting bodies, prudential authorities and other operational recommendations focused solely on credit unions.
WASHINGTON — Credit unions looking to work with Congress to make changes to the Paycheck Protection Program or to ensure CU interests are protected in any phase IV stimulus plan have a new challenge: Half of Congress isn’t returning to Washington as planned.
MADISON, Wis.–The early effects from the coronavirus pandemic cannot yet be seen in the latest report and forecast from CUNA Mutual—but it can be seen in the forecast for what’s ahead. Indeed, the report urges CUs to prepare for the lowest yield-on-assets ratio in history.
WASHINGTON — Republican leaders in Congress are expressing initial support for some sort of “shield” to protect businesses from a wide range of lawsuits that could result from reopening a business during the coronavirus pandemic.
MILTON, Fla.–An accounting firm here has filed a proposed class action alleging two banks, and perhaps others, violated the intent of Congress when they declined to pay agents such as itself for helping small businesses apply for loans under the SBA’s Paycheck Protection Program from the fees the government paid the banks.
ALEXANDRIA, Va.–The credit union community entered into the coronavirus pandemic in a strong position, but there is a much more challenging environment ahead than many CUs have ever faced, according to one NCUA board member.
HAUPPAUGUE, N.Y.–Credit unions continue to provide a wide variety of community and member support during the coronavirus pandemic.