WASHINGTON–Both the House and the Senate are back in session this week, with credit unions watching for progress on a Phase IV stimulus package, as well as giving attention to a number of committee hearings this week.
Fresh Today
ARLINGTON, Va.—Last week’s release of the latest job numbers generally met expectations, although one economist sees one “glaring problem area.”
ST. PETERSBURG, Fla.–Overall card payment volume fell in the latest weekly analysis of member payment behavior released by PSCU, with the Labor Day weekend cited for the slowdown.
TUSCALOOSA, Ala.–Alabama One Credit Union has announced plans to buy the $82-million First Bank of Linden.
ONTARIO, Calif.–The California Credit Union League is hailing the passage of a bill in the State Assembly as a “grand slam” for credit unions in the state.
SANTA ROSA, Calif. – The Redwood Credit Union Community Fund (RCUCF) has opened a 2020 Fire Relief Fund to assist those who lost homes due to the recent fires, and to prepare to help its communities should more fires happen this year.
ARLINGTON, Va.—In response to the CFPB's notice of proposed rulemaking related to the general definition of a qualified mortgage (QM) under the Truth in Lending Act (TILA), NAFCU urged the Bureau to adopt a definition that would include a modified debt-to-income (DTI) threshold and allow for compensating factors.
WESTWOOD, Calif.–A new partnership between the UCLA Store and Wescom Credit Union is offering loans of up to $3,000, interest-free for 36 months.
MADISON, Wis.—Forty-thousand medical facemasks are headed to credit unions in more than 30 counties following a donation to the World Council of Credit Unions by the National Credit Union Federation of Korea.
PROVIDENCE, R.I.–A Massachusetts man who allegedly received more than a half-million dollars in fraudulent Paycheck Protection Loans and then who also allegedly faked his own death has been indicted by federal prosecutors.