A handful of credit unions have embarked on co-location strategies, sharing branch space with coffee shops and other businesses, but the social distancing era may force some institutions to rethink those plans.
The agency said property owners can enter into new or modified forbearance plans if they have a hardship due to the coronavirus, but the landlords must agree not to kick out renters solely for nonpayment of rent.August 6
Chief Financial Officer Matt Koch will take the helm later this year when longtime CEO Clark Yelverton retires.August 6
Director of operational risk managementPenFedJuly 28
CEOCU RiseJuly 24
Board memberNational Credit Union AdministrationJuly 21
The National Credit Union Administration's first-quarter look at credit union performance by state includes several metrics where the industry did not fare well.
The agency has freed companies from reporting requirements and provided flexibility on exams to help them deal with COVID-19 fallout. It has also finished other regulatory relief efforts that were in the pipeline before the pandemic hit.
Democrats’ latest proposal to back debt collectors, enable loans for nonprofits and provide other relief could help steer negotiations with the Senate on more stimulus.
The central bank’s programs announced since mid-April in response to the coronavirus outbreak match if not exceed the actions it took during the 2007-9 financial crisis.