CHICAGO–President Trump’s nominee for the Supreme Court, Amy Coney Barrett, was the author of a 2018 ruling that dismissed a lawsuit against a credit union in Illinois alleging violations of the Americans With Disabilities Act (ADA) as lacking standing.
WASHINGTON—As Congress continues negotiations on a Phase 4 coronavirus relief package, CUNA and NAFCU joined with other financial services trade organizations to urge Congress to support small businesses and pass legislation that would continue the Paycheck Protection Program (PPP) and simplify the forgiveness process for PPP loans.
NEW YORK– Inclusiv said it has awarded 59 Resilience Fund grants to minority designated credit unions and cooperativas that “define what it means to be resilient.”
ALEXANDRIA, Va.–NCUA has banned one person from working in credit unions with the issuance of a single prohibition notice in September.
MADISON, Wis. – Filene Research Institute said it has officially launched its Center of Excellence for Data Analytics and the Future of Financial Services. The center will be led by Dr. Cheri Speier-Pero as its new research fellow.
LANCASTER, S.C.–Two South Carolina credit unions have announced plans to merge into what would be $3-billion credit union.
WASHINGTON–A new survey of senior loan officers has found most expect to see an increase in inquiries over the next few months related to commercial and industrial loans as part of the federal government’s Main Street Lending Program—but a much more modest increase in the number of banks willing to extend such loans.
DETROIT–The NAACP Legal Defense and Educational Fund (LDF), the American Civil Liberties Union of Michigan (ACLU), the National Consumer Law Center (NCLC), and the Michigan Poverty Law Program filed a federal class action lawsuit against Vision Property Management alleging financially challenged Detroit- and Flint-area residents to whom Vision promised a path to homeownership are “now trapped in contracts structured to fail.”
GLENDORA, Calif.– America’s Christian Credit Union is reporting it has now funded its 2,000th adoption loan as part of an 11-year-old ministry designed to assist members seeking to adopt a child.
HARRISBURG, Penn.– Pennsylvania State Employees Credit Union today is launching a “SwipeStakes” sweepstakes that offers members a chance to win one of 15 monthly prizes of $500 through the end of the year each time they swipe their PSECU credit or debit card.
