COLUMBIA, Md.–The MD|DC Credit Union Association hosted a virtual town hall with Sen. Ben Cardin (D-MD), Maryland officials and regulators. More than 150 credit union professionals participated in the second of an ongoing series of town halls that have brought together panelists to offer support and solutions for credit unions and their members during the COVID-19 pandemic.
NEW YORK–The economic disruption caused by COVID-19 and the efforts to contain it will trigger a new cycle of rising defaults and losses in the commercial real estate lending sector, according to a new report.
HUTCHINSON, Kan.–Heartland Credit Union here has selected Trellance to provide it with its data analytics solution.
BROOKFIELD, Wis.–Businesses can better secure consumer data with a new solution Fiserv, according to the company.
NEW YORK—A coronavirus-spurred slowdown in travel and restaurant spending has credit card issuers reworking their offerings.
WASHINGTON–The Federal Reserve has announced additional actions that combined with previously announced new programs will provide up to $2.3 trillion in loans to support the economy.
WASHINGTON–Sen. Mike Crapo, chair of the Senate Committee on Banking, Housing and Urban Affairs, has sent a letter to the Fed, the OCC the FDIC and the NCUA in which he said “due to the unprecedented shutdown of businesses to prevent the spread of COVID-19, bold and dramatic steps are needed.”
WASHINGTON–Minutes released from the Federal Reserve’s March 15 board meeting show its members contemplating two economic scenarios for the remainder of 2020
WASHINGTON—CUNA economists have provided an updated projection on the lasting impact of the coronavirus pandemic.
WASHINGTON–Five days into the $349-billion Paycheck Protection Program the federal government reported it had approved approximately 178,000 loans for businesses of 500 employees or fewer totaling about $50 billion. And that’s where the bottleneck is now being encountered.
