Fresh Today

ALBANY, N.Y.–New York Governor Andrew Cuomo has announced some of the most sweeping moves of any state aimed at easing financial hardships being caused by the coronavirus, including a plan that would suspend mortgage payments and the collection of student and medical debt for certain borrowers as well as waive fees for ATMs, credit cards and overdrafts.

WASHINGTON–One of the biggest and highest-profile events hosted by credit unions in the country has been called due to the coronavirus.

ALEXANDRIA, Va.–The NCUA board held a closed board meeting on Thursday on which there were two items on the agenda. The agency did not hold its standard open board meeting.

BIRMINGHAM, Ala.—Some of the major card-issuing institutions in the U.S. have responded to the coronavirus pandemic with pricing and fee changes to provide cardholders with some relief, while others have yet to act.

BOSTON–Massachusetts’ two state senators are asking the Bay State’s banks and credit unions to suspend fees for consumers until the coronavirus crisis passes.

GREENWICH, Conn.–Marblegate Asset Management, which recently purchased NCUA’s taxi medallion loan portfolio and which is the largest holder of medallion loans, said in response to the coronavirus outbreak it will offer a 30-day payment holiday for individual drivers who own their own medallions.

TACOMA, Wash.–In response to the coronavirus pandemic, CU Strategic Planning has sent a letter to members of both the Senate and House appropriations committee urging a significant increase in the already-scheduled April 21 grant funding round for the Community Development Financial Institution (CDFI) Fund.

MADISON, Wis.–CUNA Mutual Group has released its 2019 results, with the company saying the results indicate its financial strength and long-term ability to deliver on commitments amid global economic and health concerns.

WASHINGTON–The FDIC has granted bank charters to two companies, one of which is a well-known fintech and payments provider.