WASHINGTON–The Federal Reserve Board said it has modified its Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations.
Fresh Today
ARLINGTON, Va.—Following a record 18.2% rebound in May, retail sales continued to recover in June and rose 7.5%.
MIRAMAR, Fla.–Tropical Financial Credit Union has again closed its branches in Miami-Dade County, which has become the epicenter of the COVID-19 outbreak in the state.
WASHINGTON—The Defense Credit Union Council (DCUC) says an amendment to the National Defense Authorization Act (NDAA) could be troublesome for credit unions and servicemembers, and this time the issue is not whether banks should be treated equally as credit unions regarding leased space on military bases.
JACKSON, Miss.– Hope Enterprise Corporation, an affiliate of Hope Credit Union, has been chosen by the Lipman Family Prize as one of two winners of its Beacon Award.
TIGARD, Ore.–Four credit unions in Oregon, all CDFIs, have signed on to help distribute relief grants to very small businesses in the state as part of a program funded by the state government.
ALEXANDRIA, Va.–NCUA said it will host a webinar on the 30th anniversary of the Americans with Disabilities Act on July 23.
BOSTON — A coalition of state attorneys general have filed suit against Secretary of Education Betsy DeVos and the U.S. Department of Education for what the suit alleges was the unlawful repeal of the 2016 Borrower Defense Rule and its replacement with regulations that “do nothing more than benefit predatory for-profit schools at the expense of defrauded students.”
ARLINGTON, Va.–The National Association of State Credit Union Supervisors (NASCUS) said its annual State Summit will now be held virtually, and there will be no charge.
WASHINGTON—CUNA President/CEO Jim Nussle is encouraging credit union staff to wear masks to slow the spread of the coronavirus.