ARLINGTON, Va.—In response to the Office of Management and Budget's (OMB) draft memorandum providing guidance for regulation of artificial intelligence (AI) applications, NAFCU is reminding that while "AI holds promise for credit unions and their members, sustained innovation will depend on regulators’ commitment to facilitate and encourage experimentation."
WASHINGTON–A deal has been reached between the White House and leaders of the Senate over the most expensive piece of legislation in U.S. history that will send checks directly to many credit union members and provide assistance to a significant number of small business owners, among other provisions.
WASHINGTON–CUNA and its state leagues have sent a letter to NCUA calling on the agency to take additional immediate actions to alleviate “the stress COVID-19 has placed on the credit union industry.”
MONTEREY PARK, Calif.–Credit unions across the country continue to offer financial assistance and relief to members affected by the coronavirus and the related shutdown of much of the economy, including one CU that reports it has distributed more than a half-million in loans to date.
NEW YORK–A number of banks across the country have joined credit unions in offering financial assistance to customers being affected by the coronavirus.
WASHINGTON–The FBI is reporting an increase in financial fraud schemes related to the coronavirus pandemic and urging consumers to take steps to protect themselves.
WASHINGTON—The Federal Housing Finance Agency has announced a number of new moves aimed at ensuring liquidity in the housing market during the coronavirus pandemic.
WASHINGTON—It is vitally important credit unions be designated essential services during the coronavirus disease (COVID-19) pandemic, CUNA wrote in letters to a number of state leadership organizations.
WASHINGTON—While suppression of adverse information in credit reports during the coronavirus disease outbreak is well intended, it could undermine safety and soundness, CUNA, NAFCU and other financial trade organizations wrote to Congressional leaders.
WASHINGTON–The Consumer Financial Protection Bureau is reminding it has released several resources to help consumers take steps to protect their finances during the COVID-19 pandemic, including how to avoid financial scams and submit complaints to the Bureau.
