KIEV, Ukraine–Members of Ukraine’s credit unions will have no access to their accounts until at least April 24 after the country’s government shuttered all CUs as part of its response to the coronavirus pandemic.
Fresh Today
NEW YORK–It may be April 1, but numerous grassroots organizations across the country say they aren’t fooling in urging renters and homeowners to not pay their rent or mortgage payments beginning today and lasting until the coronavirus pandemic is over.
MADISON, Wis.–Credit unions around the world are going to experience “three waves” of fallout from the coronavirus pandemic, and they need to be prepared for each—and to “shine,” according to the World Council of Credit Unions (WOCCU).
WASHINGTON—NAFCU and CUNA have joined with other financial services trade associations in asking the Federal Communications Commission (FCC) to ensure financial services providers can contact consumers on matters related to the coronavirus pandemic during the national emergency.
WASHINGTON—Following enactment of the Phase 3 coronavirus relief package, which includes a new Small Business Administration (SBA) paycheck protection program, NAFCU President and CEO Dan Berger urged Treasury Secretary Steven Mnuchin to “expeditiously” publish guidance related to this program and ensure that all federally-insured credit unions are able to act as lenders under it.
WASHINGTON—CUNA is continuing its push for the Federal Reserve to remove the monthly account transfer limit under Regulation D.
PORTSMOUTH, N.H.—New data reveals trends around what consumers are asking on both financial websites and mobile banking.
BUCHARIST, Romania–In what shouldn’t surprise many people, a new report has found an increase in cybercriminals’ attacks on home routers as more company and credit union executives work from home due to the coronavirus pandemic.
WASHINGTON—The Defense Credit Union Council (DCUC), the League of Southeastern Credit Unions and the Maryland and DC Credit Union Association have all sent letters to the leaders of the House and Senate asking for a temporary removal of the member business lending cap on credit unions.
MEMPHIS, Tenn.–Financial institutions, including credit unions, expect the effects of the coronavirus pandemic on their operations will be “severe,” with many saying they have already made decisions to delay various projects, according to a new survey.