HOBOKEN, N.J.—An early survey of Americans has found the coronavirus is already having an effect on jobs, finances and concerns over the future.
Fresh Today
TACOMA, Wash.–Two Washington credit unions have announced merger plans. The $2.6-million Fluke Employees FCU said it will merge into the $1.8-billion Sound Credit Union. The credit unions are now seeking regulatory approval and a vote by members of Fluke Employees FCU.
WASHINGTON–The Federal Reserve Board is providing additional information to financial institutions on how its supervisory approach is adjusting in light of the coronavirus.
ARLINGTON, Va.—In response to the Office of Management and Budget's (OMB) draft memorandum providing guidance for regulation of artificial intelligence (AI) applications, NAFCU is reminding that while "AI holds promise for credit unions and their members, sustained innovation will depend on regulators’ commitment to facilitate and encourage experimentation."
WASHINGTON–A deal has been reached between the White House and leaders of the Senate over the most expensive piece of legislation in U.S. history that will send checks directly to many credit union members and provide assistance to a significant number of small business owners, among other provisions.
WASHINGTON–CUNA and its state leagues have sent a letter to NCUA calling on the agency to take additional immediate actions to alleviate “the stress COVID-19 has placed on the credit union industry.”
MONTEREY PARK, Calif.–Credit unions across the country continue to offer financial assistance and relief to members affected by the coronavirus and the related shutdown of much of the economy, including one CU that reports it has distributed more than a half-million in loans to date.
NEW YORK–A number of banks across the country have joined credit unions in offering financial assistance to customers being affected by the coronavirus.
WASHINGTON–The FBI is reporting an increase in financial fraud schemes related to the coronavirus pandemic and urging consumers to take steps to protect themselves.
WASHINGTON—The Federal Housing Finance Agency has announced a number of new moves aimed at ensuring liquidity in the housing market during the coronavirus pandemic.