Bankers Group Wants Inspector General to Investigate NCUA Decision 05/28/2020 09:52 pm WASHINGTON–The Independent Community Bankers of America (ICBA) is calling for an investigation by NCUA’s Office of the Inspector General to investigate the agency’s recent move to amend its definition of low-income credit unions “without deference to notice-and comment-rulemaking requirements under the Administrative Procedure Act.”
Filene Launches New ‘Think Tank’; Goal to Drive Innovation, Future Research 05/28/2020 09:33 pm MADISON, Wis. – The Filene Research Institute has launched “Think Tank,” which it said is comprised of influential CEOs and senior executives selected for their cross functional expertise to drive the credit union industry’s research and incubation agenda.
Harper Urges More CUs to Join CLF; Offers Thoughts on Other Issues 05/28/2020 09:33 pm ALEXANDRIA, Va.– NCUA Board Member Todd Harper continues to call on credit unions to join the Central Liquidity Facility, saying doing so can significantly bolster the entire system’s access to emergency liquidity.
CO-OP Releases Updated Look at Credit, Debit Spending by CU Members 05/28/2020 09:33 pm RANCHO CUCAMONGA, Calif.—As most of the country remained under stay-at-home guidelines, consumer spending remained low in the first half of May, reported CO-OP Financial services, which detailed spending patterns.
SBA Sets Aside $10 Billion in PPP Loans for CDFIs 05/28/2020 09:33 pm WASHINGTON-The Small Business Administration and the Treasury Department have announced they have set aside $10 billion of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively by Community Development Financial Institutions (CDFIs).
Dozen CUs Take Advantage of PPP Liquidity Facility 05/28/2020 09:33 pm WASHINGTON—Credit unions have availed themselves of the Federal Reserve's Paycheck Protection Program Liquidity Facility (PPPLF).
