NEW YORK–Americans over age 70 have seen a sharp increase in their total debt level over the past 20 years representing an increase of 543% to $1.1 trillion, according to new data from the Federal Reserve Bank of New York.
Fresh Today
WASHINGTON–As the coronavirus COVID-19 threat spreads across the economy, credit unions have been in ongoing discussions on Capitol Hill and with regulatory agencies on everything from expanded funding for emergency loans to new legislation and even to potentially raising deposit insurance coverage.
WASHINGTON–Whatever hopes credit unions had for getting their legislation through the 116th session of Congress have taken another hit.
ARLINGTON, Va.–The ever-expanding shutdown of large parts of everyday business and life as the result of coronavirus COVID-19 has credit unions raising numerous operational and compliance questions.
WASHINGTON–While the coronavirus has shut down numerous public gatherings, travel and other day-to-day essentials, four states are moving forward today with their primaries.
WASHINGTON–In response to the COVID-19 pandemic, both credit union trade associations have their employees working from home, but the size and breadth of the resulting shutdown has led to some lessons learned and resulting adjustments.
WASHINGTON–Saying the United States is facing as “difficult a crisis as the country has ever faced domestically,” CUNA President Jim Nussle is praising both the trade group itself and credit unions for their response to the coronavirus pandemic.
ALEXANDRIA, Va.--NCUA Chairman Rodney Hood Monday issued a Letter to Credit Unions outlining a number of strategies CUs might consider when determining how to address the challenges associated with COVID-19.
LANSING, Mich.–Credit unions continue to respond to the coronavirus threat with everything from branch visits by appointment only, to shorter branch hours, to emergency loans.
TRENTON, N.H.–The New Jersey Assembly is fast-tracking a measure that would enable the governor to put a temporary moratorium on evictions during a public health or other state of emergency.