The National Credit Union Administration Board held its third open meeting of 2020 on Wednesday using a live audio webcast and approved three items: A temporary final rule granting measures of regulatory relief to help ensure that federally insured...
An article in CUToday covers proposals to use overdraft protection funds to help consumers during the fallout of coronavirus-related financial strain. The online magazine mentions Mike Moebs, economist and CEO of Moebs $ervices, who suggests $46.1...
Representatives from the Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA) will hold a webinar today, Your Money is Safe at a Federally Insured Financial Institution, from 2 p.m. to 3 p.m. ET on the safety...
As businesses continue to face adversity during the COVID-19 crisis, the SBA has been actively distributing funds through the Paycheck Protection Program (PPP), which authorizes up to $349 billion in forgivable loans to small businesses to pay their...
The CFPB offers information and resources for older adults who are particularly vulnerable to the coronavirus. Such tips include financial management and protecting themselves from scams and could prevent serious monetary damage during an already...
With members facing a new normal and the financial stresses that come with coronavirus, the last thing credit unions want to do is cause increased worries. John M. Floyd & Associates offers solutions on how credit unions can adjust their...
On April 13, the NCUA unanimously approved an interim final rule that enhances the ability of the Central Liquidity Facility to serve as liquidity backstop to the nation’s credit union system to help them respond to consequences of the pandemic. The...
The Treasury Department and the Internal Revenue Service stimulus payments began distribution to tax payers this week. Last week, the organizations announced the launch of a new web tool allowing quick registration for Economic Impact Payments for...
Credit unions are facing unpredictable challenges and costs because of the COVID-19 pandemic. In response to this, the NCUA is committing the majority of the 2020 Community Development Revolving Loan Fund appropriation for COVID-19 assistance for...
Much has changed about the way credit unions do business during the COVID-19 crisis, and regulators and state and federal offices are adjusting their plans to meet the needs of the industry. The LSCU recently introduced its new member-only, online...