ARLINGTON, Va.—Credit unions have seen stronger loan growth than banks, although the margin is narrowing, according to NAFCU’s fourth-quarter CU Industry Trends report.
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CORPUS CHRISTI, Texas— Coastal Community And Teachers Credit Union here has partnered with CUREVL LLC, as a referral affiliate.
TALLINN, Estonia—Crypterium, a crypto fintech firm led by Visa's former general manager for Central Europe, claims to have rolled out the most widely available prepaid crypto debit card, allowing users in 178 different countries to spend Bitcoin, Ethereum, and Litecoin in-store and online.
DUBLIN, Ireland–A subprime lender that has recently entered Ireland’s market and which charges APRs as high as 50% is reporting it has added €2.3m and added over 1,000 customers in Ireland in three months as it continues to grow. But the company’s founder said it’s on a path to “slow-motion suicide.”
WASHINGTON– The Federal Reserve is proposing to pump as much as $1.5 trillion in short-term loans into the economy in an attempt to limit the damage from the coronavirus.
ALEXANDRIA, Va.–In the wake of risks related to the COVID-19 pandemic, NCUA is making a number of changes to protect the “health and safety” of its examiners.
WASHINGTON—In response to the COVID-19 pandemic and its effect on members and credit union operations, NAFCU President and CEO Dan Berger has sent letters to NCUA and the CFPB calling for broad flexibility with compliance for at least 60 days.
WASHINGTON–Rep. Blaine Luetkemeyer (R-MO) has introduced a pair of bills that would affect credit unions: the first would temporarily prohibit federal financial regulators from requiring compliance with the CECL rule by persons impacted by the coronavirus, and a second would change the leadership structure of the CFPB from a single person to a five-person panel.
BOSTON–With mortgage rates near historic lows, homeowners are swamping lenders with refinancing applications, with one credit union apologizing via Twitter for delays in processing.
WASHINGTON—As part of a broader initiative by the federal government to respond to the pandemic crisis around COVID-19, the Small Business Administration Administrator Jovita Carranza said the agency will provide up to $2 million in disaster relief loans for small businesses affected by the widespread shutdowns of the economy.