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DALLAS—Ser Tech and Origence have announced a new partnership to deliver on-demand pre-approved auto loans to credit union members.

SAN FRANCISCO–Square, the cash payments app that also runs the Square Capital lending program, has announced plans to invest approximately $100-million in an array of funds and with lenders focused on underserved communities of color.

WASHINGTON—The Federal Housing Finance Agency (FHFA) is again extending its temporary policy allowing the government-sponsored enterprises to purchase certain single-family mortgage loans in forbearance.

WASHINGTON–A new investigation has found some publicly traded companies that received Paycheck Protection Program loans to pay their employees during the early weeks of the coronavirus pandemic paid out millions to Wall Street investors in dividends and share buybacks.

JACKSON, Mich. — Credit unions in two states have announced separate plans to merge, with one of the CUs also saying it will  unveil a new name in the future.

WASHINGTON–Financial institutions and small business borrowers continue to report difficulties navigating the Paycheck Protection Program loan forgiveness process, with the Consumer Bankers Association estimating that as many as 80% of forgiveness applications that have been submitted by small businesses are requiring additional follow-ups to reconcile errors or find missing information.

PLANO, Texas–Catalyst Corporate said it will soon begin offering mobile P2P (person-to-person) payment services to credit unions. The P2P service will allow credit union members to send money to anyone, anytime, using any mobile device with Aptys Solutions’ PayMōli app, according to Catalyst.

WASHINGTON–Americans have lost more than $145 million to fraud related to the coronavirus, according to a new estimate from the Federal Trade Commission, which reported it has fielded more than 200,000 complaints from consumers.

WASHINGTON—The Small Business Administration should take several additional steps if Paycheck Protection Program (PPP) funding becomes available again, CUNA wrote to a House subcommittee.