Bankers Group Presses Treasury for Guidance on Obtaining Forgiveness on PPP Loans 05/06/2020 07:50 pm WASHINGTON—The Independent Community Bankers of America (ICBA) is urging the Treasury Department and Small Business Administration to provide additional guidance to community banks and their borrowers on the process for obtaining forgiveness of Paycheck Protection Program loans.
CU’s (Socially Distanced) Scavenger Hunt Supports Local Biz; So Popular It’s Expanding 05/06/2020 07:51 pm ASHLEY, N.D.–The local branch here of Hometown Credit Union hosted a week-long scavenger hunt as a way of getting people outside—while still observing social distancing—and to support local businesses. The idea was so popular is it now expanding.
FHFA Extends Several Programs Aimed at Helping Borrowers With GSE Loans 05/06/2020 07:49 pm WASHINGTON—The Federal Housing Finance Agency (FHFA) has extended several of its efforts intended to provide relief to borrowers for government-sponsored enterprise (GSE) loans amid the coronavirus pandemic.
Card Issuers Continue to Adjust to Changing Spending Patterns 05/06/2020 07:48 pm NEW YORK—Major card issuers continue to make adjustments to changing consumer spending patterns resulting from the pandemic.
Travis CU To Match Up to $4M in Donations; Launches $1M Philanthropic Initiative; ORNL Offering Discounts to Healthcare Pro's, First Responders 05/06/2020 08:06 pm VACAVILLE, Calif.–Travis Credit Union has announced it will match up to $4 million for donations made to the Travis Credit Union Foundation, while separately announcing an immediate $1-million philanthropic initiative that will be disbursed amongst multiple local organizations across five counties.
Haiti’s CUs Maintain Liquidity At Approximately 24% 05/06/2020 08:01 pm MADISON–The World Council of Credit Unions is reporting that while credit unions in most of the world are struggling with liquidity due to a greater number of members making cash withdrawals to survive the COVID-19 crisis, credit unions in Haiti have been able to keep liquidity levels close to normal throughout the pandemic.
One-in-Four Americans Report Card Limit Reductions in Last 30 Days 05/06/2020 07:53 pm CHARLOTTE, N.C.–Approximately one-in-four credit card-holders, or about 50-million Americans, have seen a reduction in their card limits over the past 30 days, according to a new survey by LendingTree’s Compare Cards website.
TopLine FCU Now Offering WINcentive Savings 05/06/2020 08:01 pm ST. PAUL, Minn.–TopLine FCU is now offering WINcentive Savings accounts to its members.