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A Democratic measure to freeze foreclosures and auto repossessions through the coronavirus crisis while expanding eligibility for loan forbearance is getting strong pushback from banks and credit unions, which complain it would constrain credit.
May 21 -
Industry groups also supported Democrat Christy Smith in a special election in California, though it appeared likely she would lose the bid.
May 13 -
In blue states in particular, governors and attorneys general are taking up the mantle of consumer protection during the coronavirus emergency, effectively adding another layer of regulation to the patchwork of state and federal oversight.
April 12 -
Tom Meyer, CEO of 1st Capital since 2015, decided to step down because shelter-in-place orders are keeping him from family hundreds of miles from the bank.
March 26 -
JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp, along with 200 state-chartered banks and credit unions, have agreed to let borrowers skip payments for 90 days if their finances have been upended by the pandemic.
March 25 -
It’s a rare occurrence for a business to receive a huge business spike while also shutting parts of the operation, but that’s where the coronavirus has landed Farmstead.
March 18 -
Blair Korschun, who has led CU Direct Connect since 2011, will take the helm at Christian Community Credit Union later this month.
March 11 -
The San Diego bank is struggling to renegotiate a partnership with the tax preparation firm to address caps on interchange fees.
March 3 -
San Diego County Credit Union saw membership rise 4.5% last year, but net income was down due to decreased loan volumes, increased charge offs and higher operating expenses.
February 28 -
San Francisco Bay Area Educators Credit Union became part of San Francisco Federal Credit Union earlier this month.
February 28