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NEW YORK–One JPMorgan Chase economist is arguing against direct payments to Americans by the federal government as a response to job losses resulting from the coronavirus pandemic, and instead saying funds should be distributed through the banking system.

WASHINGTON—NAFCU's Carrie Hunt is urging the CFPB to modernize electronic disclosure and signature-related provisions of all its regulations and outlined proposed legislative amendments to the Electronic Signatures in Global and National Commerce Act (E-Sign Act) to provide relief to credit unions and their members amid the coronavirus pandemic.

ALBANY, N.Y.–In the midst of all the other challenges credit unions are dealing with, New York’s new data privacy law went into effect over the weekend.

WASHINGTON–Banking regulators said they will offer banks extra Community Reinvestment Act (CRA) credit for lending to lower-income Americans affected by the coronavirus epidemic.

WASHINGTON—Amid concerns about the financial impact of the coronavirus outbreak, the CFPB is detailing how consumers can best protect themselves.

WASHINGTON—NAFCU has launched a new set of Frequently Asked Questions (FAQs) around specific issues related to the coronavirus.

WASHINGTON—Commercial share accounts at credit unions grew by 16.6% during 2019 to $40.8 billion, reported Keith Leggett, the former senior vice president and senior economist at the ABA.

ALEXANDRIA, Va.—Hardship loans and skip-a-pays are just some of the actions the $1-billion US Senate FCU is undertaking to help its members through “uncertain times,” as other credit unions announce additional programs of their own, including appointment times reserved for older members.

WASHINGTON–The Federal Reserve continues to announce new resources and tools aimed at helping the economy as the coronavirus pandemic shuts down big segments of the United States.