ALEXANDRIA, Va.–NCUA is reminding that federally insured, low-income credit unions that want to become certified Community Development Financial Institutions can apply to use the agency’s qualification process for streamlined CDFI certification beginning March 29.
WEST CHESTER TOWNSHIP, Ohio—Despite challenges ahead from the coronavirus pandemic, $1-billion Kemba Credit Union last week announced it will build a 147,000 square-foot, eight-story corporate headquarters building here.
DUBLIN, Ireland–It isn’t just credit unions in the U.S. seeking to work with regulators to find ways to respond to the coronavirus. Credit unions in Ireland, which are reporting a 400% increase in calls from members, are also working with the government seeking regulatory changes that will allow them to better respond to the crisis.
SAN JOSE, Calif.—PayPal ended the year with 305 million active accounts, but CEO Dan Schulman thinks there's a lot of room left to grow.
HOUSTON, Texas—Primeway FCU has joined CURevl as a referral affiliate.
WASHINGTON, D.C. – The Consumer Financial Protection Bureau has released its annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA).
WASHINGTON–Credit unions that haven’t yet put in place options to help members affected by the coronavirus’ shutdown of the economy, such as skip-a-pay options, may have little choice now after numbers released by the Department of Labor today show initial jobless claims surged to 3.28 million in the week ended March 21.
WASHINGTON–The huge $2-trillion coronavirus relief and economic stimulus package has passed the Senate on a 96-0 vote, with credit unions generally expressing support, although NAFCU said some provisions in the legislation will "prove difficult for some credit unions to implement." The House is expected to vote on the legislation on Friday, with House Speaker Nancy Pelosi saying she is already focused on follow-up legislation.
WASHINGTON–With the massive $2-trillion stimulus package now passed by the Senate, many Americans are going to be asking when they will receive the checks that are part of the effort to keep the economy functioning and to help people during the coronavirus pandemic. The answer: not soon.
ALBUQUERQUE, N.M.–The list of credit unions offering assistance to members affected by the coronavirus continues to expand.
