Coronavirus

Some credit union charitable donations up amid pandemic

09/15/20

The Credit Union Cherry Blossom Run, the industry's biggest annual philanthropic event, saw a nearly 10% increase in giving this year despite being canceled.

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Election 2020: What GOP holding Senate would mean for financial services

09/14/20

Legislation favorable to the industry would be unlikely to pass in a divided Congress, but the biggest benefit for banks and credit unions of Republicans retaining control of the chamber would be defending against the disruption of a Democratic blue wave.

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Comerica to pause growth of loan-loss reserves as portfolio holds up

09/14/20

The performance of about $3 billion in hotel and other loans flagged by the Dallas company as high-risk has been a "a pleasant surprise," its chief credit officer said at an industry conference.

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Wells Fargo provides few updates on growth, cost-cutting plans

09/14/20

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.

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Week ahead: NCUA tackles appraisals as hopes dim for more COVID relief

09/14/20

It's unlikely that lawmakers will pass new coronavirus-related legislation before Congress leaves for its October recess.

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Coronavirus proves bad times bring out the best in credit unions

09/14/20

Over the last six months, the movement has shown it is ready to step up during challenging times, including doubling down on service and rolling out new digital products.

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Changes to NCUA's liquidity tool should sunset at year-end

09/11/20

For all the damage from the pandemic and economic downturn, this crisis has not impacted liquidity. Lawmakers would be foolish to permanently alter the Central Liquidity Facility.

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Reduction in deferrals a promising sign for credit

09/11/20

More consumer and commercial borrowers are paying their loans, increasing the likelihood that charge-offs will be manageable for banks despite the ongoing pandemic.

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Small Texas bank doubles down on hotel lending

09/10/20

At a time when many lenders are shying away from an industry hit hard by the pandemic, State Bank of Texas is going all in.

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JPMorgan tells senior traders to restaff offices by Sept. 21

09/10/20

The new order is the strongest move yet by a U.S. bank to require employees to return to the workplace.

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