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BASEL, Switzerland–Regulators around the world are responding to a request by the World Council of Credit Unions (WOCCU) for a delay in new Basel III accounting rules as a result of the coronavirus pandemic.

WASHINGTON—As credit unions around the country grapple with the coronavirus, CUNA and the American Association of Credit Union Leagues have launched a COVID-19 Response Center with a wide variety of resources, the trade association said.

ALEXANDRIA, Va. – NCUA issued one prohibition notice and two prohibition orders in March.

SAN FRANCISCO—Plastiq has raised $75 million in venture capital for its bill paying solution, which is increasingly attracting small business.

ALEXANDRIA, Va.–What will the eventual fallout be for credit unions from the coronavirus pandemic and the near shutdown of the U.S. economy? No one knows, said NCUA’s chairman, which is why the agency is seeking to be as flexible as it can in providing guidance and enforcing its rules.