WASHINGTON–Many Americans are struggling to figure out what has become of their $1,200 stimulus checks from the federal government, while many others are curious over the particular amounts they have received.
Fresh Today
RANCHO CUCAMONGA, Calif.– In place of the THINK 20 annual event that had been scheduled for Dallas, CO-OP Financial Services said it will host a THINK 20 Virtual event that will focus on how credit unions can set their strategy to be the financial services providers most able to help Americans in the COVID-19 economic environment.
LAGOS, Nigeria—Africa is using digital finance as one means to stem the spread of COVID-19.
NEW YORK—The global economy could shrink by up to 1% in 2020 due to the COVID-19 pandemic, and may contract even further if restrictions on economic activities are extended without adequate fiscal responses, according to analysis released United Nations Department of Economic and Social Affairs (UN-DESA).
CHICAGO–A new report offers some insights after two surveys were conducted to determine how financial services leaders and consumers are aligned on digital banking priorities and to further explore how leaders are investing in digital strategies to meet expectations.
EDINBURGH, Scotland—The Scottish government has released two new funding programs to help the country’s credit unions during the coronavirus crisis.
WASHINGTON–The Paycheck Protection Program is out of money. The $349-billion program managed by the Small Business Administration and designed to get money to small businesses to support payroll and other costs, has exhausted its funding in less than two weeks after the program became available.
WASHINGTON–Another 5.2 million American workers filed for their first week of unemployment benefits last week, according to the US Department of Labor, bringing the total number of Americans who have filed initial jobless claims since March 14 to around 22 million, or roughly 13.5% of the labor force.
LANSING–Michigan’s credit unions had helped to process more than $750 million in Paycheck Protection Program loans for approximately 7,500 small businesses representing 150,000 employees before that program ran out of money, according to the Michigan CU League.
VIENNA, Va.–PenFed conducted a COVID-19 Financial Attitudes Survey designed to help the credit union gauge how consumers are thinking about their finances given the current public health crisis.