ARLINGTON, Va.—The U.S. economy added 4.8 million jobs in June, with the unemployment rate declining 2.2 percentage points to 11.1%, but one analyst sees “troubling” trends in permanent job losses.
Fresh Today
TORONTO –Desjardins Group, Canada’s largest federation of credit unions, has joined with other lenders in this country in a widespread boycott of Facebook in response to U.S. civil rights groups seeking to pressure the world’s largest social media platform to take concrete steps to block hate speech.
WASHINGTON—While CUNA said it “generally supports” NCUA’s proposal on subordinated debt, the trade association offered several suggestions it is saying will improve the rule.
WASHINGTON–President Trump has signed a bill that would extend the deadline for applying for Paycheck Protection Program (PPP) loans, a move that drew support from both credit union trade associations.
SNELLVILLE, Ga.–The African American Credit Union Coalition (AACUC) and the MD|DC Credit Union Association co-hosted a town hall the organizations said was designed to explore the “human and economic toll of systemic racism and how the movement can effect change.” Approximately 200 people participated in the “Commitment to Change Through Action” virtual town hall.
ST. PAUL, Minn.–Credit unions in Minnesota said they are now offering 90-day mortgage forbearance to members experiencing financial hardship due to the COVID-19 pandemic.
WASHINGTON–Average mortgage rates continue to hit record lows and the 30-year could drop below 3% before year-end, depending on how the economy performs during the ongoing coronavirus pandemic.
PROVIDENCE, R.I.–A “spirit challenge” hosted by this state’s credit unions helped to connect people who have been sheltering at home by allowing them to demonstrate their school spirit in a friendly virtual competition.
WASHINGTON–CUNA’s Open Your Eyes to a Credit Union initiative is expanding into four new areas: Northern California, Texas, Tennessee and Rhode Island.
WASHINGTON–Credit union credit card call centers are likely fielding a big increase in complaints over online purchases, if new data from the Federal Trade Commission are any indication.