ST. PETERSBURG, Fla.–As the coronavirus pandemic continues to affect all aspects of the U.S. economy, PSCU has released transaction data from its member credit unions on a same-store basis from March 2019 to March 2020 to identify the effect on consumer spending and shopping trends.
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WASHINGTON–Two consumer groups said that while the $2-trillion stimulus package passed by Congress will provide aid for many, it continues to “fall short” when it comes to consumer protection.
WASHINGTON–A number of consumer groups are warning that a statement by five financial regulators, including NCUA, encouraging greater small-dollar lending during the coronavirus pandemic will only lead more people into the “trap” of payday lending.
MARIETTA, Ohio–Riverview Credit Union said it has put in place a special short-term lending program designed to help members affected by the COVID-19 pandemic.
TALLAHASSEE, Fla.– First Commerce Credit Union here has announced an initiative it said is aimed at starting a wave of support for locally owned businesses in the communities it serves.
ARLINGTON, Va.—As CUToday.info reported here, last week’s extraordinary spike in unemployment claims to 3.2 million was expected to be big, but NAFCU Chief Economist and Vice President of Research Curt Long described the number is nonetheless "shocking.”
RALEIGH, N.C.–Two credit unions have announced large donations to assist groups in their respective communities that are working to provide help during the coronavirus pandemic.
ARLINGTON, Va.—NCUA is being urged to cease all examination activity and make other regulatory adjustments that would alleviate strict compliance requirements currently in place for credit unions.
WASHINGTON–As the country continues to respond to the coronavirus pandemic, defense credit unions are “uniquely prepared to respond to widespread disruptions in day to day operations and member income streams,” according to the Defense Credit Union Council (DCUC).
WASHINGTON—CUNA is urging NCUA to issue an interim final rule on Payday Alternative Loans (PALs) to ensure credit unions have the flexibility necessary to meet members’ needs during the coronavirus pandemic.