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A letter from Todd Harper, a member of the National Credit Union Administration board, called on lawmakers to make a variety of legislative changes to help credit unions and consumers weather the pandemic.
May 5
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The strength of the post-coronavirus recovery will determine if that's enough for the digitally focused challenger to battle well-capitalized banks.
May 5
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It's time for agencies like the Small Business Administration to stop playing catch-up and invest in state-of-the art technology.
May 5
Alliance for Innovative Regulation -
TruStone Financial and Firefly Credit Union have announced plans to merge, pending regulatory approval and charter changes.
May 5
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Banks tend to pull back in times of crisis by tightening credit and focusing on collections efforts. But consumers, and not returns, must be the focus during the coronavirus pandemic.
May 5
Financial Health Network -
Discover Financial Services said Thomas Maheras will serve as its chairman after the death of Lawrence Weinbach.
May 5 -
Marriott International Inc. raised $920 million in cash through deals with co-branded credit card companies as it rides out the pause in travel due to the coronavirus.
May 5 -
The largest U.S. banks stepped up lending to dominate the government's small-business rescue program after playing an undersized role in its early days.
May 5
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U.S. banks under $10 billion in assets made 60% of the loans in the first round of the Paycheck Protection Program; things go relatively smoothly in the U.K. as 110,000 small businesses apply for low-cost loans.
May 5
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Consumer remittance behaviors are being forced to change, with senders and recipients moving to mobile wallets, bank accounts, and cards. But many still want cash.
May 5
