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Ride-hailing services and public transit were gaining ground until the pandemic struck, but the outbreak has quickly and radically changed how consumers think about buying cars.July 2
PresidentCredit Union Leasing of America -
The Senate had passed the bill Tuesday, shortly before the Small Business Administration was to stop accepting new loan applications.July 2
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The report from the regulator offers an industry-wide look at how credit unions have fared during the pandemic. Since the outbreak worsened in April and into May, credit quality could possibly worsen while earnings may sag even further.July 2
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The extension to Aug. 8 was offered by Sen. Ben Cardin, a Maryland Democrat, and cleared the chamber by unanimous consent. The House has yet to take up the bill but could pass it as soon as Tuesday night.June 30
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National Credit Union Administration Chairman Rodney Hood told a NAFCU audience now is the time to take action on the member business lending cap so credit unions can continue to help with the coronavirus recovery.June 25
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Despite success lobbying for PPP inclusion and the elimination of Regulation D, the industry must continue to push for additional reforms.June 25
Executive Vice PresidentNational Association of Federally-Insured Credit Unions
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Nick Darvill, who is currently president of the credit union service organization, will take over as CEO when Jim Gallagher retires from that position.June 24
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Upstart, which specializes in the use of alternative data and AI in credit decisions, will make car loans directly and sell its technology to banks and other lenders.June 24
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The outbreak has completely upended whatever expectations the industry had heading into 2020. Here's key areas that have been shaped by the pandemic, some potentially forever.June 24
