MADISON, Wis.–The newly created World Council of Credit Unions’ committee tasked with identifying best practices and strategies credit unions around the globe can utilize in their response to the COVID-19 pandemic has held its first meeting.
Fresh Today
NEW YORK–Corporate bankruptcies in the U.S. are now on pace to hit their highest levels in a decade, and analysts are projecting even more companies will file for bankruptcy as the coronavirus pandemic and resulting economic slowdown continues.
FOND DU LAC, Wis.—Info-Pro Lender Services is stepping up its support for the United Way during the pandemic.
WASHINGTON—The Consumer Financial Protection Bureau has issued a consent order against PHLoans.com, Inc., a California corporation licensed as a mortgage broker or lender in approximately 11 states.
PASEDENA, Calif.—A new way to payment method has arrived in the U.S.: consumers’ faces.
MADISON, Wis.–Credit union performance data through June, the third full month of the COVID-19 pandemic, show new auto loan balances with their biggest negative reading since the summer of 2011, overall loan balance growth significantly below the pace set over the past five years (but with growth in mortgages), the loss of more than 100 credit unions in the first half of the year, and membership growing at half the pace of one year earlier.
ARLINGTON, Va.—The outlook credit union executives have for the economy and their own credit unions in July was the brightest it’s been since the pandemic hit, NAFCU is reporting.
NEW YORK–Overdraft fees plummeted 49% during the second quarter as economic shutdowns due to the COVID-19 pandemic sapped consumer spending, according to new analysis from S&P Global Market Intelligence.
WASHINGTON—The Federal Housing Finance Agency (FHFA) has announced an extension of its temporary policy allowing the government-sponsored enterprises (GSEs) to purchase certain single-family mortgage loans in forbearance.
WASHINGTON—The U.S. government is warning that hackers tied to the North Korean government are trying to rob financial institutions around the world by draining ATMs and initiating fraudulent money transfers as the cash-strapped government seeks more funds.