Election 2020

Two consumer groups sue CFPB over payday rule

10/29/20

The lawsuit filed on behalf of the National Association for Latino Community Asset Builders says the rule was based on “an invented evidentiary standard,” and failed to consider consumer protections mandated by Dodd-Frank.

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Big banks have benefited under Trump. Their employees give more to Biden.

10/29/20

The industry has enjoyed lower tax rates and regulatory relief during the current administration, but individual donations from the eight largest banks favor the Democratic nominee by more than 4-to-1.

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More credit unions announce Election Day closures

10/28/20

Democracy Federal Credit Union is the latest to move ahead with plans to shut down on Nov. 3 so employees can get to the polls.

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Week ahead: PPP bill in Congress and surprise NCUA meeting

10/26/20

A recently introduced bill concerning the Paycheck Protection Program loans could hint at what lawmakers will focus on when the House and Senate reconvene next month.

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Court ruling forces Michigan Legacy to scrap Lyft rides for Election Day

10/26/20

An appeals court upheld an 1895 state law that bars paying for rides to voting sites, a move one observer suggested is part of a broader partisan fight to impact voter turnout.

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A Biden win could boost long-stalled efforts to help the unbanked

10/23/20

The Democratic nominee has not gone as far as some progressives in support of financial inclusion, but ideas such as postal banking, a government-run credit reporting system and universal bank accounts would likely gain traction under a Biden administration.

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The last thing investors need is a contested election

10/21/20

A disputed outcome could cause significant market turmoil in the coming months — and have far more serious repercussions over the longer term.

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Need a Lyft to the polls? Michigan Legacy has it covered.

10/20/20

The Detroit-area credit union is offering consumers within five zip codes free trips to voting sites on Election Day.

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Credit unions that serve as polling sites are sitting out this election

10/20/20

Only a few credit unions were open to the public as polling sites in the 2016 election and those numbers are set to be reduced even further this year.

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Credit unions' political donations lean left in advance of election 2020

10/19/20

The industry supports candidates on both sides of the aisle but has tilted towards Democrats during this cycle. Experts say that's partly a reflection of the current makeup of Congress.

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