ARLINGTON, Va.—Retail sales plummeted in March as the effects of COVID-19 shutdowns continue to reverberate through the economy.
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WASHINGTON—NAFCU's Elizabeth LaBerge has urged the Federal Communications Commission (FCC) to expedite efforts to ensure financial institutions can contact consumers on matters related to the coronavirus pandemic during the national emergency.
WASHINGTON – The Consumer Financial Protection Bureau has issued a final rule raising the loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Reporting Act (HMDA).
LAWRENCEVILLE, Ga.—After a couple of weeks of having their simulcast sales closed, the Automobile Dealer Exchange Services of America (ADESA) was able to reopen numerous locations last week.
WASHINGTON–Although the in-person race itself was cancelled due to the coronavirus pandemic, the Credit Union Cherry Blossom Ten Mile Run still managed to raise $400,000 for Children’s Miracle Network hospitals.
WASHINGTON–The FBI is warning against another type of fraud stemming from the coronavirus pandemic.
ARLINGTON, Va.—In the midst of increased uncertainty and disruption, the ACH Network is operating normally thanks to the hard work of financial institutions, NAFCU reported.
ALEXANDRIA, Va.–Members of the NCUA board are urging more credit unions and corporates to join the Central Liquidity Facility (CLF) “for the good of the cause,” with its members noting doing so “increases exponentially” the ability of CUs to respond to the coronavirus pandemic.
ALEXANDRIA, Va.–By a 2-1 vote, the NCUA board has approved a final rule that increases the threshold level below which appraisals would not be required for residential real estate-related transactions to $400,000 from $250,000.
ALEXANDRIA, Va.—In a 3-0 vote, the NCUA board has approved putting out for 45-day comment an interim final rule amending the agency’s regulations requiring appraisals of real estate for certain transactions.