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    Week ahead: Can Senate move on credit union issues before August recess?

    The Senate Banking Committee will vote this week on Kyle Hauptman's nomination to the NCUA board while the full chamber continues to debate additional coronavirus relief measures.

    By Melissa Angell
    August 3
    Capitol Hill-flag
  • Employee productivity
    Remote workers facing greater scrutiny on the job

    Some professionals have admitted to sleeping or drinking while working from home. Technology could help financial services firms ensure employee productivity doesn't slip.

    By Melissa Angell
    August 3
    CUJ-73020-RMS (2).jpeg
  • Federal Reserve
    House passes appropriations amendment to fund postal banking

    The measure would release $2 million in funding for the U.S. Postal Service to launch pilot programs to provide basic services such as checking accounts and bill payment.

    By Hannah Lang
    July 31
    Proponents of postal banking envision consumers lacking access to mainstream banks could find services such as checking accounts, bill payment and small-dollar loans at USPS sites.
  • Coronavirus
    Blocked from hazard pay grants, Pa. banks and credit unions push back

    The financial services industry urged Gov. Tom Wolf to reconsider guidelines that excluded their employees from receiving this benefit.

    By Melissa Angell
    July 29
    Pennsylvania Governor Tom Wolf
  • Payday lending
    CFPB’s Kraninger faces Democrats' fury over payday rule

    Members of the Senate Banking Committee took the agency’s leader to task for eliminating underwriting requirements for small-dollar lenders, which lawmakers said has left consumers more vulnerable during the pandemic.

    By Neil Haggerty
    July 29
    Sen. Catherine Cortez Masto, D-Nev., charged that it was hypocritical for the CFPB to rescind ability-to-repay requirements in the payday lending rule when the agency generally weighs a company’s ability to pay a fine when settling enforcement matters with a firm.
  • Coronavirus
    Will GOP plan to slash unemployment aid trigger wave of loan defaults?

    The enhanced jobless benefits in the coronavirus relief law enacted in March helped limit delinquencies and maintain consumer spending, analysts say. In their follow-up stimulus plan, Senate Republicans want to cut those benefits from $600 to $200 a week.

    By Neil Haggerty
    July 28
  • Coronavirus
    McConnell announces new round of PPP funds in GOP stimulus plan

    The Senate Republicans' coronavirus relief package, known as the HEALS Act, would continue to make the loan program available to businesses, but any final bill would need to be negotiated with House Democrats.

    By Neil Haggerty
    July 28
    “The American people need more help. They need it to be comprehensive. And they need it to be carefully tailored to this crossroads," said Senate Majority Leader Mitch McConnell. "That is what this Senate majority has assembled.”
  • Branch banking
    Tropical Financial closes branches again as coronavirus cases spike

    Like many other institutions, the South Florida-based credit union had reopened its locations after restricting member access from March to May while much of the nation was in lockdown.

    By Aaron Passman
    July 27
    Rich Helber, president and CEO of Tropical Financial
  • Digital banking
    Can fintechs help plug banking gaps for struggling Black consumers?

    Current, Stoovo and other companies are reaching out with low-cost, low-fee financial services and even tools to help users search for part-time jobs.

    By Penny Crosman
    July 27
    Hantz Fevry, founder and CEO, Stoovo
  • NCUA
    Small Pa. credit union is NCUA's first liquidation of 2020

    The closure of IBEW Local Union 712 Federal Credit Union marks the first CU to shut its doors in the wake of the coronavirus.

    By Melissa Angell
    May 29
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Innovation of the Year 2025

The 10 most groundbreaking tech projects and bank-fintech partnerships that are moving financial services forward

ABM0625_Cover.jpg

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© 2025 Arizent. All rights reserved.
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© 2025 Arizent. All rights reserved.