ALEXANDRIA, Va.–NCUA has sent a letter to credit unions that outlines a change in an interpretive rule for lending to members of the military. The letter comes three weeks after the agency made the change, according to the Regulatory Report, which first reported the letter.
Fresh Today
WASHINGTON—The federal bank regulatory agencies has added yet another tool aimed at providing liquidity to the markets. Separately, the Fed has also announced temporary U.S. dollar liquidity arrangements with more countries.
WASHINGTON–State insurance regulators are being urged to direct insurance companies to cut premium offset payments to reflect the immediate reduction in expected insurance claims as a result of COVID-19 restrictions keeping drivers off the road.
LAWRENCEVILLE, Ga.—Used vehicle values increased in February, according to Black Book.
WASHINGTON–A firmer picture is emerging of the kinds of checks the federal government will be sending to many Americans as part of the response to the outbreak of coronavirus across the country. In related news, HUD and the FHFA said they will suspend all home foreclosures thorugh the end of April.
BRAINTREE, Mass.–Credit unions across the country continue to announce emergency loans and assistance for members affected by the coronavirus outbreak and resulting business shutdowns.
WASHINGTON— U.S. Sen. Sherrod Brown (D-OH), the ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, has sent letters to the Department of Housing and Urban Development (HUD) and independent financial regulators demanding that they suspend all rulemaking that could impede the federal response to the COVID-19 pandemic.
WASHINGTON–CUNA’s chief advocacy officer has sent an email to all 535 congressional offices that seeks to raise awareness over how credit unions are working to help those affected by COVID-19.
WASHINGTON–The Federal Reserve continues to announce new credit facilities to assure credit continues to flow to consumers and businesses.
WASHINGTON—Approximately 67 million Americans believe they will have trouble paying their credit card bills due to coronavirus, according to WalletHub’s new Coronavirus Money Survey.