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WASHINGTON—The Federal Reserve Board announced temporary actions intended to increase the availability of intraday credit extended by the Federal Reserve Banks on both a collateralized and uncollateralized basis.

WASHINGTON–Congress remains out of session this week with a  tentative expectation it shall return to Washington next week.

PROVIDENCE, R.I.–Rhode Island has become the most recent state in which many of the state’s banks and credit unions have agreed to provide borrowers with help as part of the “Financial Institution COVID-19 Relief Pledge.”

WASHINGTON—Credit unions facilitated tens of thousands of loans during the first round of Paycheck Protection Program funding, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 members of Congress.

COLUMBUS, Ohio–Credit unions in the Buckeye State and CUNA will be paying attention to primary elections in Ohio today, where all of the voting is taking place via mail-in ballots.

SAN ANTONIO—At a time when many companies are simply trying to retain their workforce, SWBC is expanding its operations, due in part to changing CU needs during the pandemic.

WASHINGTON–While the federal government isn’t disclosing which companies are receiving aid as part of the Paycheck Protection Program (PPP), one early analysis has found numerous recipients have included companies with sufficient cash to be buying other companies at the same time, companies that have been subject to federal investigations and fines, and companies that had significant access to other forms of financing, even though they weren’t supposed to.