KINGSTON, Jamaica–With credit unions holding 65% market share in the Caribbean, many in the region have turned to their CUs for support during the COVID-19 pandemic, which led to a webinar titled “Credit Unions & COVID-19: The Regional Response.”
Fresh Today
‘High-Interest Lenders Want Low-Cost Loan,’ Say Critics of Congressional Effort to Help Payday Firms
WASHINGTON–A bipartisan group of members of the House Financial Services Committee has come under scrutiny for pressing the Federal Reserve to extend an emergency loan program to payday lenders.
WASHINGTON—The Consumer Financial Protection Bureau has filed a proposed stipulated final judgment that imposes an $18 million fine.
WASHINGTON — The credit union trade groups are offering mixed responses to the $3-trillion stimulus package passed by the House late last week, welcoming some provisions while sharing concerns over others.
ALEXANDRIA, Va.—The NCUA board will issue two interim final rules at its open board meeting Thursday—one on overdrafts and another on prompt corrective action.
ALEXANDRIA, Va.—Both CUNA and NAFCU have sent letters to the Small Business Administration (SBA) urging it to issue additional guidance to ensure credit unions can properly assist their members and provide loans through the Paycheck Protection Program (PPP).
WASHINGTON–Hidden in a newly released report from the Fed is a piece of data about a type of debt being carried by many Americans.
WASHINGTON—When it comes to transfer limits, the D in Regulation D now stands for Done.
HONOLULU–Four credit unions have joined with the Honolulu Mayor’s Office in support of a new Small Business Relief and Recovery Fund. This fund will provide up to $10,000 to help local small businesses.
TALLHASSEE, FLA. – The League of Southeastern Credit Unions & Affiliates has surveyed the credit unions in its three-state footprint—Florida, Georgia and Alabama—to quantify the ways in which they’ve helped consumers affected financially by COVID-19 over the past month.