DETROIT–A quarter of all vehicles financed in April carried rates of 0%, according to new data.
Fresh Today
WASHINGTON–A new Fed report on bank lending practices has found “significantly tightened” loan underwriting standards and terms for commercial and consumer borrowers during the first quarter, while also finding strong demand for most categories of closed-end residential real estate loans and weaker demand for credit card and auto loans.
WASHINGTON—As the Senate returns this week, CUNA expects lawmakers will begin looking ahead at what future relief—so called “phase IV stimulus--might look like, while NAFCU is also watching the same legislative efforts while also monitoring the PPP.
ALEXANDRIA, Va.–NCUA Board Member Todd Harper has sent a letter to the leadership of the Senate Banking Committee offering recommendations for further legislative action.
WASHINGTON—Both NAFCU President Dan Berger and CUNA President Jim Nussle shared their feedback on the SBA’s Paycheck Protection Program (PPP) during a conference call with members of the House Financial Services Committee (HFSC).
TAMPA, Fla.– Suncoast Credit Union is making a $1 million donation to provide economic relief to those affected by COVID-19 in the communities it serves.
PURCHASE, N.Y.—Mastercard saw a 40% jump in contactless payments, including tap-to-pay and mobile pay, during the first quarter as the coronavirus pandemic worsened.
GAINESVILLE, Ga.– Two Georgia credit unions have completed a merger. The $96-million HALLCO Community Credit Union and e $24-million, Clarkesville, Ga.-based Habersham FCU have officially combined.
MADISON, Wis.–More than 350 credit union leaders had the chance to get the Harvard Business School experience during Filene’s first ever virtual event and its Center of Excellence for Organizational Entrepreneurship’s final research event.
PLANO, Texas–The Cornerstone Credit Union Foundation has launched a series of financial well-being programs it said is part of a new Pandemic Response Strategy to meet the needs of credit unions, their staff, and their members.