AUSTIN, Texas–The CEO of one credit union here has written an op-ed in a local media outlet making offering recommendations to the Small Business Administration on how it can improve the Paycheck Protection Program (PPP).
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BAKERSFIELD, Calif.–Kern Schools FCU has officially changed its name. It is now Valley Strong Credit Union.
WASHINGTON–The Treasury Department has announced the Community Development Financial Institutions Fund (CDFI Fund) will extend the upcoming application deadlines for its the fiscal year (FY) 2020 funding round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program).
COLUMBIA, Md.–The MD|DC Credit Union Association hosted a virtual town hall with Sen. Ben Cardin (D-MD), Maryland officials and regulators. More than 150 credit union professionals participated in the second of an ongoing series of town halls that have brought together panelists to offer support and solutions for credit unions and their members during the COVID-19 pandemic.
NEW YORK–The economic disruption caused by COVID-19 and the efforts to contain it will trigger a new cycle of rising defaults and losses in the commercial real estate lending sector, according to a new report.
HUTCHINSON, Kan.–Heartland Credit Union here has selected Trellance to provide it with its data analytics solution.
BROOKFIELD, Wis.–Businesses can better secure consumer data with a new solution Fiserv, according to the company.
NEW YORK—A coronavirus-spurred slowdown in travel and restaurant spending has credit card issuers reworking their offerings.
WASHINGTON–The Federal Reserve has announced additional actions that combined with previously announced new programs will provide up to $2.3 trillion in loans to support the economy.
WASHINGTON–Sen. Mike Crapo, chair of the Senate Committee on Banking, Housing and Urban Affairs, has sent a letter to the Fed, the OCC the FDIC and the NCUA in which he said “due to the unprecedented shutdown of businesses to prevent the spread of COVID-19, bold and dramatic steps are needed.”