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The COVID-19 pandemic has impacted the global economy and touched all of our daily lives.

WASHINGTON–At least one consumer group is blasting the FDIC announced plans to repeal two guidances that protect consumers against high-cost bank payday loans over 36%, and further expressing concern over an announcement by four federal regulators—including NCUA—after they issued small-dollar loan guidance .

WASHINGTON—Members of the Federal Open Market Committee (FOMC) agreed that the effects of the coronavirus outbreak and ongoing pandemic would continue to weigh heavily on economic activity, employment, and inflation in the near term, according to minutes from the committee's April videoconference meeting.

SACRAMENTO, Calif.–SAFE Credit Union has become the first business partner to sign on with an effort to promote local businesses. SAFE is providing both funds and marketing assistance for the “100 Local Pledge” campaign.

MADISON, Wis.–Members of the CUNA CEO Council focused on branch reopening strategies and safety measures, staff reintroductions, and loan/net interest income issues during a virtual chat, according to CUNA.

SUMTER, S.C. – Effective with their May 22nd paychecks, employees of SAFE Federal Credit Union have been given a permanent $2-per-hour wage increase.

EL PASO, Texas–After announcing it was planning a social purpose event, evolve FCU said it conducted a needs evaluation meeting with each of its' community partners and determined that many  could greatly benefit from lunch meals for the shelter kids, family, and staff.