NEW YORK—Consumers with a high annual fee card, such as the Chase Sapphire Reserve, may be in luck, thanks to the coronavirus.
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CHICAGO—Some businesses are banning cash due to fears paper money is spreading the coronavirus, and are instead asking customers instead to use plastic.
WASHINGTON–Credit unions have welcomed news that the latest stimulus package before Congress includes $60-billion reserved for smaller institutions to lend out, but there could be delays due to technology issues.
OSHKOSH, Wis.– Verve, a Credit Union, said it has allocated more than $4 million for COVID-19 support programs and services to help its members take care of personal and business financial needs.
WASHINGTON — A coalition of consumer and banking organizations have sent a letter to congressional leaders urging them to clarify at the earliest possible opportunity that economic impact payments issued by the federal government in response to the coronavirus pandemic should be exempt from otherwise legally binding garnishment orders.
MADISON, Wis.–CUNA Mutual Group and CU Leadership Convention are hosting a two-part COVID-19 Recession Webinar series, with the first webinar taking place today.
ALEXANDRIA, Va.–The NCUA Board has unanimously approved by notation vote an interim final rule that amends its capital adequacy and member business loans and commercial lending regulations following the creation of the Small Business Administration’s Paycheck Protection Program (PPP).
KINGSTON, N.Y.–The CEO of one credit union here has authored an opinion piece in local publications arguing the Paycheck Protection Program isn’t helping the small businesses it’s designed to assist.
LOS ANGELES–UNIFY Financial Credit Union said it is extending its partnership with the NFL’s Los Angeles Rams and will remain the official credit union of the team.
BROOKFIELD, Wis.–With Congress approving another $300 billion in funding for the Paycheck Protection Program, Fiserv said it has added new functionality to help financial institutions access the program.