WASHINGTON–The Senate has approved an approximately $484 billion relief package that includes another $310 billion for the Paycheck Protection Program (PPP), with $60 billion of the funds set aside for community lenders, for which both credit union trade groups had been advocating.
Fresh Today
PEWAUKEE, Wis.–Consumer adoption of mobile payments is up significantly, and it appears the coronavirus pandemic and stay-at-home orders are the major drivers, according to new research.
NEW YORK–There has been a substantial decline in the number of cash transactions as a result of the coronavirus pandemic, and the overall decline in cash volume will be noticeable in 2020, according to a new analysis.
WASHINGTON—The CFPB has issued an interpretive rule to clarify that government benefits under the Electronic Fund Transfer Act (EFTA) and Regulation E do not include assistance or economic impact payments related to the coronavirus pandemic.
MADISON, Wis.–Two major summer conferences for credit unions have now been cancelled due to the coronavirus pandemic.
WASHINGTON—A coalition of 10 trade groups, including NAFCU, is urging CFPB Director Kathy Kraninger to delay the Bureau's rulemaking on the definition of qualified mortgage (QM) in the wake of the ongoing coronavirus pandemic.
FRANKFORT, Ky.–Credit unions across the country continue to introduce various ways to help members during the coronavirus pandemic. CUToday.info has a complete compilation of some of the things CUs are doing for their members and communities here
BOULDER, Colo.–One small business owner who was recently awarded funds as part of the Paycheck Protection Program is calling the loans “legalized fraud.”
WATERLOO, Iowa–Monte Berg, president and CEO of Veridian Credit Union here, has announced his plans to retire. Selected to succeed Berg in leading the organization is Renee Christoffer, who is currently chief administration officer.
HARRISBURG, Penn.–PSECU is underwriting the $10,000 prize that will be awarded today as part of the Pennsylvania State System of Higher Education State System Startup Challenge.