MADISON, Wis.–After being forced to cancel its annual meeting earlier this year due to coronavirus, the CUNA Marketing and Business Development Council said it will now host the announcement of its Diamond Award winners in a series of virtual events in June.
ARLINGTON, Va.—NAFCU announced the results of its 2020 board of directors election.
WASHINGTON—The Consumer Financial Protection Bureau has released a statement and FAQs outlining the responsibility of certain financial firms during the pandemic.
WASHINGTON–The Department of Defense Office of Financial Readiness has introduced MilSpouse Money Mission, a financial education resource designed for military spouses.
WASHINGTON—A report released by The Pew Charitable Trusts has found lawsuits brought by a company with an attorney versus an individual who often has no legal representation are increasingly dominating state civil courts, and that less than 10% of defendants in debt collection lawsuits studied from 2010 to 2019 had counsel, compared with nearly all plaintiffs.
SEOUL, South Korea—Samsung wants to do more with payments than offer a virtual prepaid card, while separately Western Union has announced discounts for “essential” workers.
NEW YORK–Heading into 2020 credit unions focused on making their card rewards more attractive in an extremely competitive market sought to offer travel rewards and related points offers.
BRUSSELS, Belgium—The European Commission said it is considering creating a new authority to police financial crime and monitor banks more strictly.
SACRAMENTO–California’s credit unions said a proposal put forth by Democratic lawmakers in this state that would provide sweeping protections for homeowners, renters and landlords from the economic fallout of the coronavirus would be a “financial disaster” if enacted.
WASHINGTON–In remarks that are a departure from the normally conservative, guarded remarks of Federal Reserve chairmen, Fed Chairman Jerome Powell called the current economic crisis “without modern precedent,” and suggested permanent damage to the economy could occur if policymakers do not provide sufficient financial support.
