BUCHARIST, Romania–In what shouldn’t surprise many people, a new report has found an increase in cybercriminals’ attacks on home routers as more company and credit union executives work from home due to the coronavirus pandemic.
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WASHINGTON—The Defense Credit Union Council (DCUC), the League of Southeastern Credit Unions and the Maryland and DC Credit Union Association have all sent letters to the leaders of the House and Senate asking for a temporary removal of the member business lending cap on credit unions.
MEMPHIS, Tenn.–Financial institutions, including credit unions, expect the effects of the coronavirus pandemic on their operations will be “severe,” with many saying they have already made decisions to delay various projects, according to a new survey.
RICHMOND, Va.–A new report offers insights into the latest trends related to first-time homebuyers and offers some predictions on what’s ahead. But an important caveat: the report was released before the full effect of the coronavirus began to be felt across the world and economies.
NEW YORK—The sixth-largest bank in the world, JPMorgan Chase, has settled a lawsuit over unannounced changes made to the fee structure applied to cryptocurrency purchases made using its credit cards in 2018.
WASHINGTON–CUNA’s economists are scrambling to adjust their forecasts to reflect the effect of the coronavirus pandemic on the U.S. economy, and expect to see a big drop in demand for auto and business loans this year from what was originally called for—although they still expect the numbers to be up.
ALEXANDRIA, Va.–Can credit unions apply for new federal funding to help cover payroll costs as part of efforts to sustain small businesses during the coronavirus pandemic?
MARLBOROUGH, Mass.–Credit union leaders hopeful the coronavirus pandemic will end sooner rather than later so the world can return to “normal” were offered a sobering reminder of how serious the situation is during a discussion hosted by the Cooperative Credit Union Association (CCUA).
ALEXANDRIA, Va.—NCUA has extended the comment period for its proposed rule to clarify requirements for a federally insured credit union when it proposes to acquire or merge with a bank or other institution. The comment period, which was to close Monday after a 60-day period, will now run an additional 60 days from the date the extension notice is published in the Federal Register.
WASHINGTON—One of the most eagerly awaited pieces of the recently passed $2-trillion CARES Act is the checks in amounts up to $1,200 (plus more for each child) that are to go to many Americans.