WASHINGTON–The huge $2-trillion coronavirus relief and economic stimulus package has passed the Senate on a 96-0 vote, with credit unions generally expressing support, although NAFCU said some provisions in the legislation will "prove difficult for some credit unions to implement." The House is expected to vote on the legislation on Friday, with House Speaker Nancy Pelosi saying she is already focused on follow-up legislation.
Fresh Today
WASHINGTON–With the massive $2-trillion stimulus package now passed by the Senate, many Americans are going to be asking when they will receive the checks that are part of the effort to keep the economy functioning and to help people during the coronavirus pandemic. The answer: not soon.
ALBUQUERQUE, N.M.–The list of credit unions offering assistance to members affected by the coronavirus continues to expand.
ALEXANDRIA, Va.–NCUA Executive Director Mark Treichel has decided to leave the position ahead of his scheduled departure.
WASHINGTON–The Independent Community Bankers of America has issued a statement that “at a time of social distancing,” community banks are putting the “community” into banking not just during the coronavirus pandemic but beyond.
COLUMBIA, Md.–As the coronavirus pandemic continues to present unprecedented challenges, more than 200 credit union executives participate in a virtual town hall hosted by the MD|DC Credit Union Association and the Suburban Chapter and which was kicked off by Senator Chris Van Hollen (D-MD).
RANCHO CUCAMONGA, Calif. – CO-OP Financial Services has announced a series of programs for its Full-Service Credit clients it said are designed to help them address the financial stress their members may be experiencing as a result of the COVID-19 outbreak.
ARLINGTON, Va.—New home sales in February fell 4.4% to 765,000 from January's revised rate of 800,000 annualized units. NAFCU Chief Economist and Vice President of Research Curt Long noted growth in sales in all four regions compared to a year ago.
CINCINNATI—Car lease credit applicants registered a 72.3% approval rate in February, an increase from the January rate of 70%, Swapalease.com reported.
NEW YORK—The coronavirus pandemic is taking a heavy toll on the economy, but it may contribute to a boost for electronic payment companies, particularly Visa and Mastercard.