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COLUMBIA, Md.–As the coronavirus pandemic continues to present unprecedented challenges, more than 200 credit union executives participate in a virtual town hall hosted by the MD|DC Credit Union Association and the Suburban Chapter and which was kicked off by Senator Chris Van Hollen (D-MD).

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services has announced a series of programs for its Full-Service Credit clients it said are designed to help them address the financial stress their members may be experiencing as a result of the COVID-19 outbreak.

ARLINGTON, Va.—In response to the Office of Management and Budget's (OMB) draft memorandum providing guidance for regulation of artificial intelligence (AI) applications, NAFCU is reminding that while "AI holds promise for credit unions and their members, sustained innovation will depend on regulators’ commitment to facilitate and encourage experimentation."

ARLINGTON, Va.—New home sales in February fell 4.4% to 765,000 from January's revised rate of 800,000 annualized units. NAFCU Chief Economist and Vice President of Research Curt Long noted growth in sales in all four regions compared to a year ago.

CINCINNATI—Car lease credit applicants registered a 72.3% approval rate in February, an increase from the January rate of 70%, Swapalease.com reported.

HOBOKEN, N.J.—An early survey of Americans has found the coronavirus is already having an effect on jobs, finances and concerns over the future.

TACOMA, Wash.–Two Washington credit unions have announced merger plans. The $2.6-million Fluke Employees FCU said it will merge into the $1.8-billion Sound Credit Union. The credit unions are now seeking regulatory approval and a vote by members of Fluke Employees FCU.

WASHINGTON–The Federal Reserve Board is providing additional information to financial institutions on how its supervisory approach is adjusting in light of the coronavirus.

NEW YORK—The coronavirus pandemic is taking a heavy toll on the economy, but it may contribute to a boost for electronic payment companies, particularly Visa and Mastercard.