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WASHINGTON—The Small Business Administration (SBA) has released a new procedural notice detailing the required procedures for changes of ownership of an entity that has received Paycheck Protection Program (PPP) funds.

WASHINGTON–Both the House and Senate are in recess this week, but discussions remain ongoing between the administration and Congress over a new relief package and stimulus funds in response to the coronavirus pandemic.

INDIANAPOLIS – Two people have been selected for induction into the Indiana Credit Union Hall of Fame.

SAN JOSE, Calif.–One of the country’s best-known payments platform has learned its employees have trouble making payments, and in response has launched an initiative to encourage companies to rank employees’ financial security on par with other priorities.

OWENSBORO, Ky.–After 47 years in financial services, including 42 in credit unions, Beverly Knott has retired.

PANAMA CITY, Fla.–Bay Credit Union has named a new president and CEO. The credit union has selected Mike Akers to lead the organization. Akers has more than 17 years’ experience in  credit unions.

PURCHASE, N.Y.—Mastercard reported it is expanding its Digital First Card program in North America by partnering with several payment processors to provide consumers with end-to-end payments options at scale.

SEATTLE—With Amazon Prime Day approaching, the retail giant is giving consumers another reason to use its Amazon Prime Rewards Visa Signature Card.

NEW YORK—Chase just released its highest-ever “welcome bonus” on one of its card offerings. Eligible new Chase Sapphire Preferred Card applicants can now earn 80,000 bonus points after spending $4,000 on purchases in the first three months from account opening.

RADCLIFF, Ky.— Fifth grade students at all 13 public elementary schools in Hardin County, Ky. will begin Abound Credit Union’s Financial Education Program this fall.