WASHINGTON–Like every other consumer and business in the country, credit unions have their fingers crossed the coronavirus pandemic and the related economic shutdown will end before summer. But one doctor is cautioning that while “semi-normal life” may return by Memorial Day, there’s a solid risk a second wave of coronavirus may hit the country later in the year.
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HOUSTON–Dolphin Debit, a provider of ATM management services, said it is partnering with Customized Service Concepts (CSC), an ATM sales and service provider in New England, to offer financial institutions in the region a complete range of ATM options.
DENVER—With the coronavirus pandemic locking down much of the world, Western Union has introduced “Digital Location,” a service which enables users to send and receive money from their homes.
PLANO, Texas–Catalyst Corporate FCU said it will begin a six-month transition to a new, intuitive platform for its Automated Clearinghouse (ACH) Services that it said will allow credit unions access to added functionality and convenience.
WASHINGTON–The Federal Trade Commission is mailing checks totaling more than $3.1 million to consumers who were victims of a student loan debt relief and credit repair scheme.
ALEXANDRIA, Va.–The loans credit unions are making through the Small Business Administration’s (SBA) new Paycheck Protection Program (PPP) are 100% guaranteed and will not count against a CU’s member business loan cap, according to a new letter from NCUA.
WASHINGTON–Treasury Secretary Steven Mnuchin said he has had discussions with congressional leaders about securing an additional $250 billion for the Paycheck Protection Program (PPP).
ST. LOUIS–Approximately half of all Americans believe their savings will run out by the end of April, according to a new survey.
HOBOKEN, N.J.–A lot can change in two weeks, a new consumer survey shows.
WASHINGTON—The U.S. economy has rapidly entered a recession due to the coronavirus pandemic, and a new white paper from CUNA offers updated forecasts on the overall effect on credit unions, as well as how credit unions with certain characteristics may perform.