The other day, we blogged about mortgage loan forbearance and the requirements under theCoronavirus Aid, Relief, and Economic Security Act (CARES Act)recently passed by the United States Senate. The CARES…
Some of you might be old enough to remember a movie called “The Sting.” It’s about con men in the 1930s who use a “pigeon drop” and phony off-track betting…
PCM Credit Union($269.3M, Green Bay, WI) is banking on 100 years of credit union history to do its best for its tight-knit membership during the COVID-19 pandemic. Founded in 1958…
Federally insured, low-income-designated credit unions can request grants and loans from NCUA to assist members, businesses, and communities experiencing economic hardships due to the COVID-19 pandemic. Eligible credit unions may…
NAFCU Monday joined with other financial services trade associations to ask the Federal Communications Commission (FCC) to ensure financial services providers can contact consumers on matters related to the coronavirus…
CUES member David Stephen Baker, operations & security manager for $700 million Connex Credit Union, North Haven, Connecticut, shares his thoughts on how credit unions can best support fraud investigations…
A recent FBI alert warns consumers and businesses about coronavirus (COVID-19)-related schemes to steal money and personal information. The agency cites three of the most prevalent scams and how to…
The coronavirus outbreak continues to reshape how the American retail landscape looks and operates. In our new age of “social distancing,” curbside delivery is now the temporary norm for many…
On March 18, 2020 Congress passed and the president signed into law the Families First Coronavirus Response Act(FFCRA). There are two key pieces to the FFCRA – the Emergency Paid…
In today’s workforce, we have both on-site staff and remote staff. In our current climate and precautions surrounding COVID-19, working remotely has become a necessity for as many people as…
Government agencies and the defense industrial base are constantly up against insider threats. But with a comprehensive insider threat program, there are ways you can protect your organization, employees and…
CUNA President/CEO Jim Nussle discussed how credit unions are serving Americans affected by the coronavirus disease (COVID-19) pandemic on MSNBC Live Sunday night with Ali Velshi. Nussle, who served on…
The CFPB Friday issued a request for information (RFI) to inform the efforts of its Taskforce on Federal Consumer Financial Law. The bureau launched the taskforce last year to find…
Though much of the New York metropolitan area is shut down by its status as the current U.S. epicenter of the COVID-19 pandemic, CUES member Thomas J. Powers, Jr. still…
A credit union consultant is using his technology expertise and equipment to create much-needed supplies for medical workers. John Best, CEO/co-founder of Best Innovation Group (BIG), is using a 3-D…
The stimulus package is here! Well, almost here—the House of Representatives still has to pass it. In concert with the package, the Fed this week embarked on unlimited Quantitative Easing,…
Carolina Foothills Federal Credit Union($120.2M, Spartanburg, SC) offers a lineup of small-business products that includes four checking options, 11 loan programs, and a rewards credit card. In late 2018, it…
As credit unions continue to find ways to help their members through these challenging times, skip a pay remains a hot topic in NAFCU’s compliance inbox. I addressed the rules…
During times of crisis, a broad spectrum of motivations can drive the banking public to panic about cash access. The reasons people feel compelled to pull large sums of money…
Credit unions make a difference when they’re needed most, including during the coronavirus disease (COVID-19) pandemic, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices Friday. Donovan…
Following Senate passage earlier this week, the House today passed the Phase 3 coronavirus relief package – the CARES Act – which includes several provisions for which NAFCU had advocated.…
Mortgage refinance requests are coming in at record rates. This type of volume was already causing significant backlogs for some. The complexity just increased now that many businesses are practicing…
At the end of the classic film Back to the Future, Doc, Marty, and Jennifer are readying to take a trip to 2015. Concerned that Doc won’t have enough road…
The Coronavirus pandemic has officially settled in, but credit unions can expect to deal with the fallout for months. This leads to many questions rolling in on how to keep…