ST. PETERSBURG, Fla.–A sharp decline in overall credit card spending but a small uptick in debit card spend can be seen in the latest transaction analysis released by PSCU of data from its member credit unions.
Fresh Today
WASHINGTON–Congress remains out of session this week with a tentative expectation it shall return to Washington next week.
WASHINGTON–While the federal government isn’t disclosing which companies are receiving aid as part of the Paycheck Protection Program (PPP), one early analysis has found numerous recipients have included companies with sufficient cash to be buying other companies at the same time, companies that have been subject to federal investigations and fines, and companies that had significant access to other forms of financing, even though they weren’t supposed to.
WASHINGTON—Credit unions facilitated tens of thousands of loans during the first round of Paycheck Protection Program funding, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 members of Congress.
COLUMBUS, Ohio–Credit unions in the Buckeye State and CUNA will be paying attention to primary elections in Ohio today, where all of the voting is taking place via mail-in ballots.
HENDERSON, Nev.–A video has been created featuring dozens of people and their families from across Credit Union Land—including from other countries speaking in their native languages--singing or speaking the words to the 1972 Bill Withers’ hit, “Lean on Me.”
FRANKFORT, Ky. – The Kentucky Credit Union League has released a “Thank You” video aimed at credit union employees, whom the league is calling “financial first responders.”
PROVIDENCE, R.I.–Rhode Island has become the most recent state in which many of the state’s banks and credit unions have agreed to provide borrowers with help as part of the “Financial Institution COVID-19 Relief Pledge.”
RIVERWOODS, Ill.—Major U.S. credit-card issuers are starting to lower customer spending limits as the coronavirus pandemic leaves millions of Americans jobless and struggling to keep up on loans.
WASHINGTON—Treasury Department Secretary Steven Mnuchin said the Federal Reserve doesn't plan to create a facility to support nonbank mortgage servicers.