WASHINGTON—The Small Business Administration (SBA) has published an interim final rule – along with a request for additional comments – to incorporate express loan program requirements into other business loan program regulations.
Fresh Today
SAN JUAN, Puerto Rico–Bondholders—including credit unions—that hold approximately $35 billion of this island’s total debt load said they have reached an agreement on terms as the island’s government works through the bankruptcy process.
CHICAGO– More than half of U.S. consumers view their credit score at least monthly, with 87% receiving such updates at no cost, according to a recent study from Javelin Strategy & Research commissioned by TransUnion.
WASHINGTON—Ahead of a House Ways and Means Committee hearing to examine the corporate income tax, NAFCU's Brad Thaler touted the economic benefits and value of the credit union tax exemption, highlighting that "credit unions are a vital part of the financial services industry and provide their nearly 120 million members financial opportunities they may not otherwise have access to."
ROCKY HILL, Conn.– Nutmeg State Financial Credit Union said it has entered into a new partnership with Porter and Chester Institute, a technical school with locations in Connecticut, Massachusetts and Pennsylvania, to offer education loans to its students.
CHANDLER, Ariz.–First Credit Union said it marked its 90th anniversary with a service campaign called #90DaysofGiving that gave back to the communities and members it serves.
WASHINGTON—CFPB Director Kathy Kraninger – during a House Financial Services Committee hearing to review the Bureau – restated her position the agency will no longer defend the Bureau's single-director structure in a lawsuit set to be considered by the Supreme Court in March.
MADISON, Wis.—The Global Women’s Leadership Network is reporting credit union women in five African nations and two U.S. states have started new Sister Societies since the organization surpassed a total of 100 in July of 2019, bringing the new total to 108 chapters in 26 countries.
WASHINGTON—CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the first quarter of 2019.
WASHINGTON–Both credit union trade groups are now reviewing President Trump’s proposed $4.8-trillion budget plan for 2021 to see what is and isn’t included.